Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. luzadis company makes furniture using automated te

Luzadis Company makes furniture using Automated technology. The company uses a job order costing system...

80.2K

Verified Solution

Question

Accounting

Luzadis Company makes furniture using Automated technology. The company uses a job order costing system and applies manufacturing overhead cost to products based on machine hours. The predetermined overhead rate was based on the cost formula that estimate $880,000 of total manufacturing overhead for an estimated activity level of 88,000 machine- hours.
During the year, a large quantity of furniture on the market caused Luzadis to cut production and build inventories.The Company provided the following data for the year:\table[[Machine-hours,79,000],[Manufacturing overhead cost,$836,000
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students