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Business, 19.10.2021 01:40 jjpeanut30

Yarra Fabrication estimates that its manufacturing overhead will be $2,265,600 in year 1. It further estimates that direct material costs will amount to $1,416,000. During July, Yarra worked on four jobs with actual direct materials costs of $64,000 for Job 0701, $56,000 for Job 0702, $75,000 for Job 0703, and $43,000 for Job 0704. Actual manufacturing overhead costs for the year were $2,420,000. Actual direct materials costs were $1,570,000. Manufacturing overhead is applied to jobs based on direct materials cost using predetermined rates.

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Yarra Fabrication estimates that its manufacturing overhead will be $2,265,600 in year 1. It further...

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