Solution-What karvel would have, Actual results for the

What karvel would have

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Reference no: EM132740437

Problem 1: Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. For the month of August, Karvel estimated total manufacturing overhead costs at $300,000 and total machine-hours at 75,000 hours. Actual results for the period were manufacturing overhead costs of $290,000 and 75,000 machine-hours. As a result, Karvel would have:

Option 1: applied more overhead to Work in Process than the actual amount of overhead cost for the year.

Option 2: applied an amount of overhead to Work in Process that was equal to the actual amount of overhead.

Option 3: applied less overhead to Work in Process than the actual amount of overhead cost for the year.

Option 4: found it necessary to recalculate the predetermined overhead rate.

Reference no: EM132740437

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What karvel would have

Reference no: EM132740437

Reference no: EM132740437

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