Question: Sheffield Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $3050000.

Sheffield Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $3050000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $3100000. The estimated machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12? $3050 $155000 $3100 $152500

Accounting

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