Spang Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Recently, Job P505 was completed with the following characteristics:
The amount of overhead applied to Job P505 is closest to:
A) $2,200
B) $1,760
C) $2,640
D) $440

Question

Spang Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:  Recently, Job P505 was completed with the following characteristics:
 The amount of overhead applied to Job P505 is closest to:
A) $2,200 
B) $1,760 
C) $2,640 
D) $440

Quizplus · Accepted Answer

The Answer of Spang Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:  Recently, Job P505 was completed with the following characteristics:
 The amount of overhead applied to Job P505 is closest to:
A) $2,200 
B) $1,760 
C) $2,640 
D) $440

Spang Corporation Uses a Job-Order Costing System with a Single