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Author Question: Milsaps Company produces makeup mirrors. In preparing the current year's budget, Milsaps' controller ... (Read 56 times)

trevg

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on: Feb 5, 2023
Milsaps Company produces makeup mirrors. In preparing the current year's budget, Milsaps' controller estimates a total of $300,000 in direct materials cost, $220,000 in direct labor cost, and $330,000 in manufacturing overhead costs. Since much of the production process requires skilled workers to assemble the mirrors, direct labor cost is used as the overhead application base. At the end of the year, Milsaps reported actual results as follows: direct materials cost of $290,000, direct labor cost of $210,000, and manufacturing overhead cost $310,000.

a.What is Milsaps' predetermined overhead rate for the year?
b.How much manufacturing overhead did Milsaps apply during the year?
c.What is the journal entry to close overhead if the amount is considered to be
insignificant?
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by trevg on Feb 5, 2023

reason44

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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trevg

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

Viet Thy

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Reply 3 on: Yesterday
Excellent

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