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Answer
- Budgeted manufacturing overhead = $ 410280
- Budgeted direct labor hours = 11705
- Overhead application rate = $ 410280 / 11705
= $ 35.05 - Actual direct labor hours = 12,255
- Manufacturing overhead DEBITED to WIP (also referred to as
‘being applied’)
= 12255 DLHs x $ 35.05
= $ 429,537.75 Answer
HOWEVER, if rate is not tobe rounded off, the ANSWER would be = 12255 DLHs x $ 410280 / 11705
= $ 429,558.42
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