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Required: a. Compute the predetermined overhead rate (combined fixed and variable) to be...

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Question

Accounting

Required:
a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the
year.
(Note: Regardless of your answer to requirement [a], assume that the predetermined overhead rate is $12.30 per machine-hour. Use
this amount in answering requirements [b] through [f, as needed.)
b. Compute the total cost of Job 302 when it is finished.
c. How much of factory overhead cost was applied to Job 305 during March?
d. What total amount of overhead was applied to jobs during March?
e. Compute actual factory overhead incurred during March.
f. At the end of the year, Sorrento Products had the following account balances:
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