Business, 21.10.2021 01:00, katnsanford

Finch, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment depreciation Supplies Materials handling Property taxes Production setup Rent Maintenance Supervisory salaries $190,800 19,800 33,000 14,700 19,400 43,700 39,400 301,700 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 213,000 and for machines were 125,000 Required
a. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.)
b. Determine the amount of manufacturing overhead applied to Work in Process Inventory durin the Year 3 period if actual machine hours were 140,000. (Do not round intermediate calculations.)
a. Predetermined overhead rate
b. Applied manufacturing overhead per machine hour

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Finch, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equi...