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Q: 5. Yista Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The company estimated manufacturing overhead at $510,000 for the year
and direct labor-hours at 100,000 hours. Actual manufacturing overhead costs incurred during the year totaled $540,000. Actual direct labor-hours were 105,000. What was the overapplied or underapplied overhead for the year? (Points : 5) $30,000 overapplied $30,000 underapplied $4,500 overapplied $4,500 underapplied
A: The overapplied or underapplied overhead for the year is: $4,500 underapplied
Expert answered|emdjay23|Points 2812|
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Asked 11/22/2013 1:30:38 PM
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The Work in Process inventory account of a manufacturing firm shows a balance of $3,000 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $500 and $300 for direct materials, and charges of $400 and $600 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:
Weegy: The Work in Process inventory account of a manufacturing firm shows a balance of $3,000 at the end of the accounting period. [ The job cost sheets of two uncompleted jobs show charges of $500 and $300 for direct materials, and charges of $400 and $600 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of: 120% ] (More)
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Updated 1/25/2014 11:46:55 PM
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