tpx Econnect ACCOUNTING Question 9 (of 21 Cribb Corporation uses direct labor-ho

Question

tpx Econnect ACCOUNTING Question 9 (of 21 Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year the estimated direct labor-hours were 11,500 hours and the total estimated manufacturing overhead was $294,400. At the end of the year, actual direct labor-hours for the year were 11.300 hours and the actual manufacturing overheed for the year was $284.530 Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places) O $4750 underapplied O $9.750 underapplied O $9750 overapplied $4750 overapplied

Explanation / Answer

Predetermine overhead rate = 294400/11500 = 25.60 per labour hour

Actual labour hour = 11300

actual overhead = 284530

Applied overhead = 11300*25.60 =289280

Over applied overhead = Applied overhead-actual overhead

                                     = 289280-284530

Overapplied overhead = 4750

so answer is d) $4,750 overapplied

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