s Question Completion Status: QUESTION 16 Acitelli Corporation, which appli es m

Question

s Question Completion Status: QUESTION 16 Acitelli Corporation, which appli es manufacturing overhead on the basis of machine-hours, has' provided the following. data for its most recent year of operations. Estimated manufacturing overhead... Estimated machine-hours. Actual manufacturing overhead Actual machine-hours. The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the $357,000 8,500 $358,000 8,560 purpose of computing the companys predetermined overhead rate for the year. The applied manufacturing overhead for the year is closest to O $357,979 O $360,547 $359.520 $362,088 QUESTION 17 At the beginning of the most recent month's operations, finished goods inven manufactured was $326,000 and ending finished goods inventory was $ the month? torý was $30,000 The cost of goods 42,000. What was the cost of goods sold for

Explanation / Answer

Answer

Manufacturing overhead = predetermined ovehead rate * Actuals hours

Predetermined overhead rate = estimated overhead /estimated machine hours

= 357000/8500 = $42 / hour

Manufacturing overhead = 42 * 8560

=$ 359,520

Therefore OPTION C "359,520" is correct.

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