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Sawyer Company had the following information for the year: Direct materials used Direct labor incurred (7,600 hours) Actual manufacturing overhead incurred $ $ 248,900 $ 277,300 194,100 Sawyer Company used a predetermined overhead rate using estimated overhead of $365,500 and 8,500 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,500. How much overhead was applied during the year? $326,800 $277,300 $365,500 $248,900

Sawyer Company had the following information for the year: Direct materials used Direct labor incurred (7,600 hours) Actual manufacturing overhead incurred $ $ 248,900 $ 277,300 194,100 Sawyer Company used a predetermined overhead rate using estimated overhead of $365,500 and 8,500 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,500. How much overhead was applied during the year? $326,800 $277,300 $365,500 $248,900

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Sawyer Company had the following information for the year: Direct materials used Direct labor incurred (7,600 hours) Actual manufacturing overhead incurred $ $ 248,900 $ 277,300 $326,800 $277,300 $365,500 $248,900 194,100 Sawyer Company used a predetermined overhead rate using estimated overhead of $365,500 and 8,500 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,500. How much overhead was applied during the year?
Transcribed Image Text:Sawyer Company had the following information for the year: Direct materials used Direct labor incurred (7,600 hours) Actual manufacturing overhead incurred $ $ 248,900 $ 277,300 $326,800 $277,300 $365,500 $248,900 194,100 Sawyer Company used a predetermined overhead rate using estimated overhead of $365,500 and 8,500 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,500. How much overhead was applied during the year?
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