Gomez company calculates its predetermined overhead on the basis of direct-labor hours. The predetermined overhead rate is $22.50. For the purpose of calculating predetermined overhead rate, total manufacturing overheads were estimated to be $326,250 and estimated activity level was 14,500 hours. The company incurred actual overheads of $356,000 for 11,600 hours. Using the given information, determine the manufacturing overheads applied to the jobs during the period. a. $289,460 b. $261,000 c. $284,800 d. $356,000

Gomez company calculates its predetermined overhead on the basis of direct-labor hours. The predetermined overhead rate is $22.50. For the purpose of calculating predetermined overhead rate, total manufacturing overheads were estimated to be $326,250 and estimated activity level was 14,500 hours. The company incurred actual overheads of $356,000 for 11,600 hours. Using the given information, determine the manufacturing overheads applied to the jobs during the period. a. $289,460 b. $261,000 c. $284,800 d. $356,000

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Description: Gomez company calculates its predetermined overhead on the basis of direct-labor hours. Thepredetermined overhead rate is $22.50. For the purpose of calculating predetermined overheadrate, total manufacturing overheads were estimated to be $326,250

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 8MC: A company calculated the predetermined overhead based on an estimated overhead of $70.000, and the...

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