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NeuroJuice NeuroJuice
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A year ago

Parker Corporation has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours, respectively. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour. At the end of the year it was determined that the company worked 24,000 direct labor-hours for the year and incurred $54,000 in actual manufacturing overhead costs.

The manufacturing overhead for the year was:



▸ $6,000 overapplied

▸ $10,000 overapplied

▸ $10,000 underapplied

▸ $4,000 underapplied
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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nemisisnemisis
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A year ago
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NeuroJuice Author
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A year ago
Smart ... Thanks!
7.prime7105
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Yesterday
Brilliant ツ
riptide
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2 hours ago
This helped my grade so much Perfect
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