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Nevin Company makes three products in its factory: plastic cups, plastic table cloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following:
Factory manager's salary$260,000.00
Factory utility cost$121,000.00
Total overhead costs$437,000.00
Nevin uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows.
Total Machine hours2300 hours
a.Allocate the budget overhead costs to the products.
b.Provide a possible explanation as why Nevin chose machine hours, instead of labor hours, as the allocation base.
This question was answered on: Sep 16, 2020
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