Homework Answers
Requirement A:
Answer: $14 per direct labor hour
Calculations:
| Actual overhead | $72,544 |
| Under-applied overhead | ($2,544) |
| Applied overhead | $70,000 |
Overhead application rate = Applies overhead ÷ Direct labor hours
= $70,000/5,000
= $14 per direct labor hour
Requirement B:
| Account title and Explanation | Debit | Credit |
| Cost of good sold | $2,544 | |
| Manufacturing overhead | $2,544 | |
| [To record dispose of the under-applied overhead] |
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