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AccountingQ&A Library52. MC.18-058Scoresby Co. uses 6 machine hours and 2 direct labor hours to produce Product X. It uses 8 machine hours and 16 direct labor hours to produce Product Y. Scoresby's Assembly and Finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. How much overhead cost will be charged to the two products?a.Product X = $1,760; Product Y = $4,480b.Product X = $1,440; Product Y = $2,560c.Product X = $3,200; Product Y = $9,600d.Product X = $800; Product Y = $800Question

Asked Mar 26, 2019

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52. MC.18-058

Scoresby Co. uses 6 machine hours and 2 direct labor hours to produce Product X. It uses 8 machine hours and 16 direct labor hours to produce Product Y. Scoresby's Assembly and Finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. How much overhead cost will be charged to the two products?

a.Product X = $1,760; Product Y = $4,480

b.Product X = $1,440; Product Y = $2,560

c.Product X = $3,200; Product Y = $9,600

d.Product X = $800; Product Y = $800

Step 1

**Overhead Cost:**

Overhead cost is the expense incurred in the operations of a business. This expense does not include the cost which is incurred on labor. Therefore; this cost is known as overhead cost.

Step 2

Compute the overhead cost of P...

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