Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 16,000 11,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$104,000$56,400Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.30During the current month the company started and finished Job T272. The following data
were recorded for this job:Job T272:MachiningCustomizingMachine-hours 60 30Direct labor-hours 10 60The amount of overhead applied in the Customizing Department to Job T272 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $198.00
B. $76,200.00
C. $762.00
D. $564.00
Answer: C
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Which of the following descriptions would not fit the definition of a liability?
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Answer the following statements true (T) or false (F)
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Michael just graduated from college with his BS in Business. He is ready to concur the world. His confidence in his ability is high and he feels that he has acquired many tools to work through business- related problems during his time in school. Michael is feeling
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