need help with part c! please show work Debra, the...

80.2K

Verified Solution

Question

Accounting

need help with part c! please show work image
image
Debra, the manager of Marin, is analyzing the company's MOH costs from last year. Marin had always followed an actual costing system when determining the costs of its customizable telescopes. Debra wondered if it would be better to switch to a normal costing system, as she had heard a number of people talking about that at an industry conference she attended the previous month. Since Marin has a highly machine-intensive operation, machine hours are used as its MOH cost driver. Here are the costs and other MOH information Debra is analyzing: (a) Your answer is correct. Determine the actual MOH rate and the budgeted MOH rate Marin would have used last year under actual costing and normal costing, respectively. (Round answers to 2 decimal places, e.g. 52.75.) Actual MOH rate Budgeted MOH rate $ $ /machine hour /machine hour Calculate total applied MOH under both actual costing and normal costing for last year. eTextbook and Media Attempts: 1 of 3 use (c) Your answer is incorrect. How much would Marin under- or overapplied MOH costs be if it followed an actual costing system? (Round answers to 0 decimal places, e.s. 5,275.) MOH cost was by $ If it followed a normal costing system? MOH cost was by $

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