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Belk College Of Business Operations And Supply Chain Management Assignment Help - Since the calculations


Question - Since the calculations are done in Excel, you can substitute your numbers and get the answers.
Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used.
Overhead costs are expected to total $353,920 for the year, and machine usage is estimated at
126,400 hours.
For the year, $368,283 of overhead costs are incurred and 130,100 hours are used.
(a)
Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g.
1.25.)
Manufacturing overhead rate
$
_________per machine hour
(b) What is the amount of under or over-applied overhead at December 31?
(c) Prepare the adjusting entry to assign the under or over-applied overhead for the year to cost of
goods sold.
Exercise 16- ...Read More

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