Weakley Corporation Uses a Predetermined Overhead Rate That Was Based

question 371

Essay

Weakley Corporation uses a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $358,000 and 20,000 machine-hours for the period. The company incurred actual total fixed manufacturing overhead of $382,000 and 18,300 total machine-hours during the period.Required:Determine the amount of manufacturing overhead that would have been applied to all jobs during the period.

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Definitions:

Equal Protection Clause

A provision in the Fourteenth Amendment to the U.S. Constitution prohibiting states from denying any person within its jurisdiction the equal protection of the laws.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln in 1863 that declared the freedom of all slaves in Confederate-held territory during the American Civil War.

Abraham Lincoln

A 16th President of the United States who led the country through its Civil War and helped to abolish slavery.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and forced to perform labor or services.