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Author Question: Velton Corporation produces toddlers' plastic slides. In preparing the current budget, Velton's ... (Read 30 times)

0220521

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Velton Corporation produces toddlers' plastic slides. In preparing the current budget, Velton's management chooses to use an overhead base of direct labor hours. Velton estimates a total of $300,000 in manufacturing overhead costs and 5,000 direct labor hours for the coming year. In December, Velton's controller reported actual manufacturing overhead incurred of $320,000 and 4,900 direct labor hours used during the year.

Required:

a.What is Velton's predetermined overhead rate for the year?
b.How much manufacturing overhead did Velton apply during the year?


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Marked as best answer by 0220521 on Feb 5, 2023

AarionnaH

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0220521

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


matt95

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Reply 3 on: Yesterday
Gracias!

 

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