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Sonoma State University Operations And Supply Chain Management Assignment Help - Duggan Company

Question - ACC/561 W ileyPlus, W eek 4 Assignment Exercise 15-5 Exercise      Exercise 15-5 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 ...Read More

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