Auto Machinery makes automobile production equipment and uses normal costing.Overhead is applied on the basis of $12 per machine hour.The following information relates to the August jobs:

Jobs 22 and 33 were completed and sold,but Job 44 remained in inventory at the end of August.For August,actual overhead incurred totaled $274,000.

Question

Auto Machinery makes automobile production equipment and uses normal costing.Overhead is applied on the basis of $12 per machine hour.The following information relates to the August jobs:
  
Jobs 22 and 33 were completed and sold,but Job 44 remained in inventory at the end of August.For August,actual overhead incurred totaled $274,000.

Quizplus · Accepted Answer

The Answer of Auto Machinery makes automobile production equipment and uses normal costing.Overhead is applied on the basis of $12 per machine hour.The following information relates to the August jobs:
  
Jobs 22 and 33 were completed and sold,but Job 44 remained in inventory at the end of August.For August,actual overhead incurred totaled $274,000.

Auto Machinery Makes Automobile Production Equipment and Uses Normal Costing