At the beginning of the year, manufacturing overhead for the year was estimated

Question

At the beginning of the year, manufacturing overhead for the year was estimated to be $274,770. At the end of the year, actual direct labor-hours for the year were 21,900 hours, the actual manufacturing overhead for the year was $272,100, and manufacturing overhead for the year was overapplied by $10,410. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.)

Explanation / Answer

Details Amt$ a Actual Manufacturing Overhead incurred        272,100 b Manufacturing Overhead overapplied           10,410 c Total manufacturing Overhead applied=a+b=        282,510 d Actual Direct Labor Hrs for the year           21,900 e Predetrmined Manufacturing overhead rate per Direct labor Hr.=c/d= $         12.90 f Estimated Manufacturing OH in the beginning of year          274,770 g Estimated Direct Labor Hrs at the beginning of year =f/e=       21,300.0

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.