KC Enterprises estimated the company will incur $96,380 in overhead costs and will use 5,090 direct labor hours during the year. Actual direct labor hours came in at 4,150. Calculate the predetermined overhead allocation rate, and prepare the journal entry for the allocation of overhead. (Round your answers to two decimal places when needed and use rounded answers for all future calculations).

KC Enterprises estimated the company will incur $96,380 in overhead costs and will use 5,090 direct labor hours during the year. Actual direct labor hours came in at 4,150. Calculate the predetermined overhead allocation rate, and prepare the journal entry for the allocation of overhead. (Round your answers to two decimal places when needed and use rounded answers for all future calculations).

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Description: Please provide answer in text (Without image) KC Enterprises estimated the company will incur $96,380 in overhead costs and will use 5,090direct labor hours during the year. Actual direct labor hours came in at 4,150.Calculate the predetermined overh

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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