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The Tse Manufacturing Corporation uses a job-order costing system and applies overhead to jobs using ...

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The Tse Manufacturing Corporation uses a job-order costing system and applies overhead to jobs using ...

The Tse Manufacturing Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. The company closes any balance in the Manufacturing Overhead account to Cost of Goods Sold. During the year the company's Finished Goods inventory account was debited for $125,000 and credited for $110,000. The ending balance in the Finished Goods inventory account was $28,000. At the end of the year, manufacturing overhead was overapplied by $4,500.

If the estimated manufacturing overhead for the year was $24,000, and the applied overhead was $26,500, the actual manufacturing overhead cost for the year was:

▸ $19,500

▸ $22,000

▸ $28,500

▸ $31,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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theferpectstudent Author

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this is exactly what I needed

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