Kimble Company applies overhead on the basis of machine hours. Given the following data, (1) compute...

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Kimble Company applies overhead on the basis of machine hours. Given the following data, (1) compute the overhead rate, (2) calculate the amount of overhead applied and (3) calculate the amount of under or over-applied overhead for the period: Estimated annual overhead cost Estimated machine hours Acutal annual overhead cost Actual machine hours Compute predetermined overhead rate (4 points) Amount of overhead applied (4 points) $3,000,000 300,000 $2,970,000 295,000 Determine whether overhead is under or over-applied and the amount (4 points) Kimble Company applies overhead on the basis of machine hours. Given the following data, (1) compute the overhead rate, (2) calculate the amount of overhead applied and (3) calculate the amount of under or over-applied overhead for the period: Estimated annual overhead cost Estimated machine hours Acutal annual overhead cost Actual machine hours Compute predetermined overhead rate (4 points) Amount of overhead applied (4 points) $3,000,000 300,000 $2,970,000 295,000 Determine whether overhead is under or over-applied and the amount (4 points)

Answer rating: 100% (QA)

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