Ion products uses a job order costing system overhead costs

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ION Products uses a job order costing system. Overhead costs are applied to jobs on the basis of machine hours. At the beginning of the year, management estimated that 62,500 machine hours would be required for the period's estimated level of production. The company also estimated $125,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $1.00 per machine hour.

Reference no: EM13585836

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