Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours and 2,000 direct labor hours for the year. It bases the predetermined overhead allocation rate on machine hours. On January 31, Job 25 was completed. It required 6 machine hours and 1 direct labor hour. What is the amount of manufacturing overhead allocated to the completed job? (Round your intermediate calculations to one decimal place.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours and 2,000 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The fight to give hispanic farm laborers better working conditions and wages was conducted primarily in
Answers (1)
Which one of the following is not a benefit of budgeting? It facilitates the coordination of activities. It provides assurance that the company will achieve its objectives. It provides definite objectives for evaluating performance.
Answers (1)
On March 3, ABC purchased a desk for $450 on account. On March 22, ABC purchased another desk for $500 also on account, and then on March 24, ABC paid $400 on account.
Answers (1)
involves defining and documenting the features and functions of the products produced during the project as well as the processes used for creating them. a. Controlling scope b. Validating scope c. Defining scope d. Collecting requirements
Answers (1)
On february 1, pinn corp., paid $40,000 in advertising expenses for ads that will run in a periodical for the entire calendar year. on july 3, pinn paid $430,000 for anticipated major repairs to their machinery used for business.
Answers (1)
New Questions in Business
Grady Home Health has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000 and total assets of $22,500,000, what is Grady's return on assets (ROA)
Answers (1)
Pierre can produce either a combination of 20 bow ties and 30 neckties or a combination of 35 bow ties and 15 neckties. If he now produces 35 bow ties and 15 neckties, what is the opportunity cost of producing an additional 15 neckties
Answers (1)
When you use an automated bid strategy, it will automatically optimize your bids based on:?
Answers (1)
What is a commodity? A. Something that producers are unable to sell to consumers B. A resource that is available in unlimited quantities C. An exchange between a producer and a consumer D. Something of value that can be bought, sold, or traded
Answers (1)
All of the following are true about unethical consumer behavior except which? Multiple Choice a. consumer believes "everybody does it" b. consumer misbehavior is habitual c. is rarely driven by economic need d. consumer thinks it is worth it doing
Answers (1)