on.com Connect ccounting - Williams, 18e, Job Order Cost Systems and Overhead Al

Question

on.com Connect ccounting - Williams, 18e, Job Order Cost Systems and Overhead Allocations Undem uses a job order costing system. The following information pertains to the current period:() Overhead was applied to jobs at a rate of $25 per machine-hour: (2) Management had estimated that manufacturing overhead would total $110.000 by the end of the period; (3) Actual manufacturing overhead inc hours used during the period totaled 4,000; and (5) Job #104 was started and completed during the current period. Management had estimated that it would require 25 machine-hours, but it actually required only 22 machine-hours. Which of the following statements is true? urred during the period was $112,000: (4) Actual machine- Check all that apply. Management had estimated that the current period would require 4,480 total machine-hours. Manufacturing overhead of $550 was applied to job #104. Management had estimated that the current period would require 4,400 total machine-hours. Manufacturing overhead of $625 was applied to job #104 Read about this Do you know the answer? I know it Think so Unsure No idea 18 items left

Explanation / Answer

the folllowing two statements are true:

B.Manufacturing overhead of $550 was applied to job #104.

C.Management has estimated that the current period would require 4,400 total machine hours.

note:

estimated machine hours = estimated overhead amount / rate per machine hours

=>$110,000 /$25 =>4,400 machine hours....(option C is correct).

manufacturing overhead applied to Job #104 = total machine hours * rate per machine hour

=>22 machine hours * $25 =.$550...(option B is correct)

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