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Author Question: Mirada Manufacturing produces pumps for residential swimming pools. For the year, management ... (Read 68 times)

frosh101

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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

For the year, manufacturing overhead was
◦ $144,976 overapplied.
◦ $144,976 underapplied.
◦ $220,704 underapplied.
◦ $220,704 overapplied.


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Marked as best answer by frosh101 on Feb 5, 2023

gyvette

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frosh101

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Reply 2 on: Feb 5, 2023
Wow, this really help


duy1981999

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Reply 3 on: Yesterday
Gracias!

 

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