Question 22View PoliciesCurrent Attempt in ProgressUnder just-in-time processingO raw materials are received just in time for use in production.O all of these.O finished goods are completed just in time to be sold.Osubassembly parts are completed just in time for use in assembling finished goods.Atteme

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Asked Oct 13, 2019
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Question 22
View Policies
Current Attempt in Progress
Under just-in-time processing
O raw materials are received just in time for use in production.
O all of these.
O finished goods are completed just in time to be sold.
Osubassembly parts are completed just in time for use in assembling finished goods.
Attem
e
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Question 22 View Policies Current Attempt in Progress Under just-in-time processing O raw materials are received just in time for use in production. O all of these. O finished goods are completed just in time to be sold. Osubassembly parts are completed just in time for use in assembling finished goods. Attem e

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Step 1

Meaning of Applied Overhead:

Applied overhead is the amount of overhead cost that has been applied to a cost object. Overhead is usually applied to cost object based on standard methodology that is employed consistently from period to period.

Step 2

Following is the calculation of overhead applied t...

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Calculation of overhead applied Given Estimated order taking cost $20592 Number of orders = $187200 Number of orders placed = 17 orders Formula for calculating Applied Overhead is: Estimated Order Taking Cost Applied overhead to the T's account for order taking costs No. of Orders xNumber of orders placed By putting the values in above fomula will get: Applied overhead to the $20,592 x17 orders T's account for order taking costs 187200 orders =S0.11*17 orders = $1.87

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