Crane Corporation accumulates the following data relative to jobs started and finished during the month of June 2022Costs and Production DataRaw materials unit costRaw materials unitsDirect labor payrollDirect labor, hoursManufacturing overhead incurredManufacturing overhead appliedMachine hours expected to be used at normal capacityBudgeted fixed overhead for JuneVariable overhead rate per machine hourFixed overhead rate per machine hourActual$2.2011.200$169,50015,000$214,452Standard$210,400$161,12015,200$209,76041.500$3.10$1.50Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. Thejobs were sold for $458,000. Selling and administrative expenses were $35,700. Assume that the amount of raw materials purchasedequaled the amount used. Crane Corporation accumulates the following data relative to jobs started and finished during the month of June 2022Costs and Production DataRaw materials unit costRaw materials unitsDirect labor payrollDirect labor, hoursManufacturing overhead incurredManufacturing overhead appliedMachine hours expected to be used at normal capacityBudgeted fixed overhead for JuneVariable overhead rate per machine hourFixed overhead rate per machine hourActual$2.2011.200$169,50015,000$214,452Standard$210,400$161,12015,200$209,76041.500$3.10$1.50Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. Thejobs were sold for $458,000. Selling and administrative expenses were $35,700. Assume that the amount of raw materials purchasedequaled the amount used.

Name: Crane Corporation accumulates the following data relative to jobs sta
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Crane Corporation accumulates the following data relative to jobs started and finished during the month of June 2022Costs and Production DataRaw materials unit costRaw materials unitsDirect labor payrollDirect labor, hoursManufacturing overhead incu