Shoe Co. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,050,000. The company used 1,000 hours of processing on Job No. LKP during the period and incurred overhead costs totaling $2,100,000. The budgeted machine hours for the year totaled 40,000.
How much overhead should be applied to Job No. LKP?
a.$52,500
b.$51,250
c.$1,050
d.$1,025
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Shoe Co. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs ...” 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.
Home » Business » Shoe Co. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,050,000. The company used 1,000 hours of processing on Job No.