The following selected data were taken from the accounting records of Colorado Enterprises:
Month Machine Hours Manufacturing Overhead
May 46,000 $889,000
June 60,000 1,130,000
July 68,000 1,274,000
August 52,000 980,000
Manufacturing overhead consists of three different costs; (1) machine supplies (variable), (2) property taxes (fixed), and (3) plant maintenance (semivariable). July's overhead costs were $170,000 for machine supplies, $24,000 for property taxes, and $1,080,000 for plant maintenance.
Determine the machine supplies and property taxes for May.
Answers: 2
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The following selected data were taken from the accounting records of Colorado Enterprises:
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