Question: will thumbs up D Question 16 5 pts Tungsten Industries uses a standard cost accounting system and applies manufacturing overhead based on direct labor hours.
D Question 16 5 pts Tungsten Industries uses a standard cost accounting system and applies manufacturing overhead based on direct labor hours. The direct labor quantity standard is 3.0 hours per unit of finished goods. Here are data regarding Tungsten's production activity for the current year: Budgeted production Actual production Budgeted variable manufacturing overhead costs, total Budgeted fixed manufacturing overhead costs, total Actual manufacturing overhead costs (variable and fixed), total 5,000 units 4,750 units $540,000 $442,500 $963,000 What is the total amount of manufacturing overhead costs, variable and fixed, that Tungsten applies to its work in process inventory for the current year? $982,500 O $963,000 $933,375 $914,850 O None of the above
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