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Malakan Corporation Has Two Production Departments, Machining and Finishing

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Malakan Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Malakan Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:   During the current month the company started and finished Job K368. The following data were recorded for this job:   The amount of overhead applied in the Machining Department to Job K368 is closest to: (Round your intermediate calculations to 2 decimal places.)  A)  $856.00 B)  $168.00 C)  $624.00 D)  $140,400.00 During the current month the company started and finished Job K368. The following data were recorded for this job:
Malakan Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:   During the current month the company started and finished Job K368. The following data were recorded for this job:   The amount of overhead applied in the Machining Department to Job K368 is closest to: (Round your intermediate calculations to 2 decimal places.)  A)  $856.00 B)  $168.00 C)  $624.00 D)  $140,400.00 The amount of overhead applied in the Machining Department to Job K368 is closest to: (Round your intermediate calculations to 2 decimal places.)

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Definitions:

Operation

The day-to-day activities necessary for an organization to function effectively and achieve its goals.

Raw Materials

The fundamental components or basic substances used in the production of goods or services.

Environmental Protection Agency

A U.S. federal agency responsible for creating and enforcing regulations to protect the environment and public health from pollution and hazardous substances.

Earth Day

An annual event celebrated on April 22 to demonstrate support for environmental protection and to encourage conservation efforts.

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