A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $426,870 and direct labor hours would be 47,430. Actual factory overhead costs incurred were $462,974, and actual direct labor hours were 53,585. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? a.$55,395 underapplied b.$482,265 overapplied c.$19,291 underapplied d.$19,291 overapplied
Homework Answers
| Predetermined overhead rate = Total estimated overhead/number of hours | ||||||
| =$426870/47430 hours | ||||||
| =$9 per hour | ||||||
| Overhead applied = Actual hours * predetermined rate | ||||||
| =$9*53585 | ||||||
| =$482265 | ||||||
| Actual overhead =$462974 | ||||||
| Since actual overhead is less than applied , there is overapplied overhead. | ||||||
| =$482265 -462974 | ||||||
| =$19291 overapplied | ||||||
| Correct Option :d.$19,291 overapplied | ||||||
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A manufacturing company applies factory overhead based on direct
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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the...
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QUESTION 9 A manufacturing company applies factory overhead based on direct labor hours. At the beginning...
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