Solutions:
Cole Company
Overhead is applied on direct labor hours | |
Estimated Manufacturing Overhead cost | 600000 |
Estimated Direct Labor Hours | 40000 |
Predetermined Overhead Rate | =Estimated Manufacturing Overhead Cost / Estimated Direct Labor Hours |
=600000/40000 | |
$15 per labor hour | |
Manufacturing Overhead applied | =Actual Labor Hours * Predetermined Overhead Rate |
=39800*15 | |
$ 597000 | |
Manufacturing Overhead Underapplied / (Overapplied) | =Actual Overhead - Applied Overhead |
=601000-597000 | |
4000 Underapplied |
please help Cole Company - company estimates that annual ufacturing overhead cost will be $600,000. Estimated...
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