Chapter 2 Test Bank Managerial Accounting
The company estimated the following amounts for 2006 for the company and for Job 62: Company Job 62 Direct materials $60,000 $4,000 Direct labor $25,000 2,500 Manufacturing overhead costs $72,000 Machine hours 90,000 mh 1,350 mh During 2006, the actual machine-hours totaled 94,000, and actual overhead costs were $71,000. A. ................
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