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Home Q & A Board Other Fields Homework Help Business Accounting
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npdtan92 npdtan92
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A year ago
Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $1,488,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 62,000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control:

Raw Materials Inventory$304,291
Work in Process Inventory$337,997
Finished Goods Inventory$756,362
Actual direct labor hours used68,970
Actual overhead incurred$1,434,576

For the year, manufacturing overhead was

▸ $144,976 overapplied.

▸ $144,976 underapplied.

▸ $220,704 underapplied.

▸ $220,704 overapplied.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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mhmoud123mhmoud123
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A year ago
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npdtan92 Author
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A year ago
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kaytee23
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