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Author Question: Mirada Manufacturing produces pumps for residential swimming pools. For the year, management ... (Read 9 times)

Katmoss16

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Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $1,488,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 62,000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control:

Raw Materials Inventory$304,291
Work in Process Inventory$337,997
Finished Goods Inventory$756,362
Actual direct labor hours used68,970
Actual overhead incurred$1,434,576

How much overhead did Mirada apply to jobs during the year (if necessary, round your answer to two decimal places)?
◦ $1,487,683
◦ $1,434,680
◦ $1,655,280
◦ $1,434,576


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Marked as best answer by Katmoss16 on Feb 5, 2023

rika06@comcast.net

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Katmoss16

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Reply 2 on: Feb 5, 2023
:D TYSM


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Reply 3 on: Yesterday
Excellent

 

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