Blakely charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following data pertain 23 to the current year: Budgeted manufacturing overhead: $600,000
Actual manufacturing overhead: $560,000
Budgeted machine hours: 25,000
Actual machine hours: 20,000
Overhead applied to production totaled:.
a. $448,000
b. $480,000.
c. $700,000.
d. $750,000
e. some other amount

b. $480,000

Explanation:

With regards to the above information, first we need to calculate the manufacturing overhead rate.

Manufacturing overhead rate = Total estimated manufacturing overhead / Total amount of allocation base

Manufacturing overhead rate = $600,000 / 25,000 = $24

Therefore, allocated manufacturing overhead

= Overhead rate × Actual hours

= $24 × 20,000

= $480,000

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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