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The Records of Family Manufacturing Show the Following Information The Company Uses a Predetermined Overhead Rate to Apply Overhead

Question 58

Multiple Choice

The records of Family Manufacturing show the following information:  Estimated manufacturing overhead $690,000 Estimated machine hours 46,000 Actual machine hours worked 50,000 Actual costs incurred:  Indirect materials $170,000 Indirect labor 230,000 Utilities 120,000 Insurance 100,000 Rent 80,000\begin{array}{lr}\text { Estimated manufacturing overhead } & \$ 690,000 \\\text { Estimated machine hours } & 46,000 \\\text { Actual machine hours worked } & 50,000\\\\\text { Actual costs incurred: } & \\\text { Indirect materials } & \$ 170,000 \\\text { Indirect labor } & 230,000 \\\text { Utilities } & 120,000 \\\text { Insurance } & 100,000 \\\text { Rent } & 80,000\end{array}
The company uses a predetermined overhead rate to apply overhead. Manufacturing overhead applied is


A) $750,000.
B) $700,000.
C) $690,000.
D) $648,000.

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