Likes Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The total amount of manufacturing overhead applied is closest to:
A) $488,400
B) $424,320
C) $432,640
D) $498,000

Question

Likes Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below:  The total amount of manufacturing overhead applied is closest to:
A) $488,400 
B) $424,320 
C) $432,640 
D) $498,000

Quizplus · Accepted Answer

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Likes Incorporated Makes a Single Product-A Cooling Coil Used in Commercial