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Author Question: Smith Paints allocates overhead based on machine hours. Selected data for the most recent year ... (Read 114 times)

kfurse

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on: Jan 4, 2020
Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow.

Estimated manufacturing overhead cost$250,000
Actual manufacturing overhead cost$230,000
Estimated machine hours20,000
Actual machine hours21,000

The estimates were made as of the beginning of the year, while the actual results were for the entire year.


At Smith Paints the amount of manufacturing overhead allocated for the year based on machine hours would have been
◦ $240,000.
◦ $250,000.
◦ $262,500.
◦ $230,000.
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Marked as best answer by kfurse on Jan 4, 2020

af

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Reply #1 on: Jan 4, 2020
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kfurse

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review

smrtceo

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Reply 3 on: Yesterday
Excellent

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