Jeffery Hospital Equipment Manufacturing Company produces high-technology equipment used to monitor brain activity.In preparing the current budget,Jeffery's management chooses to use an overhead base of machine hours.Jeffery estimates a total of $750,000 in manufacturing overhead costs and 15,000 machine hours for the coming year.In December,Jeffery's controller reported actual manufacturing overhead incurred of $820,000 and 15,300 machine hours used during the year.
a.What is Jeffery's predetermined overhead rate for the year?
b.How much manufacturing overhead did Jeffery apply during the period?

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The Answer of Jeffery Hospital Equipment Manufacturing Company produces high-technology equipment used to monitor brain activity.In preparing the current budget,Jeffery's management chooses to use an overhead base of machine hours.Jeffery estimates a total of $750,000 in manufacturing overhead costs and 15,000 machine hours for the coming year.In December,Jeffery's controller reported actual manufacturing overhead incurred of $820,000 and 15,300 machine hours used during the year.
a.What is Jeffery's predetermined overhead rate for the year?
b.How much manufacturing overhead did Jeffery apply during the period?

Jeffery Hospital Equipment Manufacturing Company Produces High-Technology Equipment Used to Monitor