manufacturing overhead was estimated to be $289,800 for the year along with 2070

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manufacturing overhead was estimated to be $289,800 for the year along with 20700 direct labor hours...

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Heme - myutrgv.eduX Exam IIl C0%) Search every ezto.mheducation.c Most Visited my.utrgv.edu ALGEBRALogin connect NTIN Exam III nstructions help Question 23 (of 35) Save & Exit Submit Time remaining: 1:15:17 23 Manufacturtng overhead was estimated to be $289.800 for the year along with 20,700 direct labor hours. Actual manufacturing overhead was $300,000, and actual labor hours were 21,900. To dispose of the balance in the Manufacturing Overhead account, which of the following would be correct? O Manufacturning Overhead would be credited for $6,600 O Manufacturing Overhead would be credited for $10,200 O Manufecturing Overhead would be debited for $6.600 O Manufacturing Overhead would be debited for $10.200

Explanation / Answer

Manufacturing overhead rate = 289800/20700 = 14 per hour

Applied overhead = 14*21900 = 306600

Actual overhead = 300000

Overapplied overhead = 6600

so Cost of goods sold credited by 6600 and manufacturing overhead debited by 6600

so answer is c) Manufacturing overhead is debited by $6600

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