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Author Question: Belhaven Company produces "collapse-proof" rod and reel cases. In preparing the current budget for ... (Read 64 times)

Maddie9229

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Belhaven Company produces "collapse-proof" rod and reel cases. In preparing the current budget for the year, Belhaven's controller estimates a total of $400,000 in direct materials cost, $300,000 in direct labor cost, and $300,000 in manufacturing overhead costs. Since the manufacturing process is highly automated, the company uses machine hours as the overhead application base. Estimated machine hours total 12,000. At the end of the period, Belhaven reported actual results as follows: direct materials cost of $410,000, direct labor cost of $250,000, manufacturing overhead cost $310,000, and machine hours used 12,500.

Required:
a.What is Belhaven's predetermined overhead rate for the year?
b.How much manufacturing overhead did Belhaven apply to jobs during the year?
c.If over- or underapplied overhead is closed to Cost of Goods Sold, what is the balance
in the
Manufacturing Overhead account after the adjustment?


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Marked as best answer by Maddie9229 on Feb 5, 2023

ahardin89

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Maddie9229

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)


meganmoser117

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Reply 3 on: Yesterday
Wow, this really help

 

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