A company estimated 102,946 direct labor hours and $898,521 in overhead. The actual overhead was $868,574, and there were 106,544 direct labor hours. How much is overhead under- or over- applied? Round to the nearest penny, two decimal places. Enter an overapplied overhead as a negative amount. For example, if it is overapplied by 500.00, the input would be -500.00 do not use parenthesis.

Kenmore Fabrication estimated that direct labor cost for the year would be $654,400. The company also estimated that fixed overhead would be $490,800 and variable overhead would be 35 percent of direct labor cost. Kenmore applies its overhead on the basis of direct labor cost. During the year, all fixed overhead costs were exactly as planned ($490,800) and variable overhead was also incurred as expected. There was $32,700 in underapplied overhead. Required: How much did Kenmore spend on direct labor cost during the period? Actual direct labor cost

The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs Estimated Direct Labor hours $ 191,079 73,492 If actual overhead costs for the year amounted to $198,400 and actual direct labor worked amounted to 75.500 hours, then overhead would be Multiple Choice overapplied by $2112 underapplied by $2,112 underapplied by $2,100.

Manufacturing overhead was estimated to be OMR 200,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was OMR 215,000, and actual labor hours were 21,000. Which of the following would be correct? Overhead is underapplied by OMR 15,000. a. O b. None of the given answer is correct Overhead is underapplied by OMR 5,000. O c. O d. Overhead is overapplied by OMR 5.00O. De. Overhead is overapplied by OMR 15.000. NEXT DAGE

(2)

What if the company actually spent $95,000 on overhead costs? What causes a company to have overapplied or underapplied overhead? Is this a situation that would eventually need to be resolved? If so, how?

Kenmore Fabrication estimated that direct labor cost for the year would be $640,800. The company also estimated that fixed overhead would be $480,600 and variable overhead would be 35 percent of direct labor cost. Kenmore applies its overhead on the basis of direct labor cost. During the year, all fixed overhead costs were exactly as planned ($480,600) and variable overhead was also incurred as expected. There was $30,150 in underapplied overhead. Required: How much did Kenmore spend on direct labor cost during the period? Actual direct labor cost $ 619,044

(1)

Kingsley Products estimated that direct labor for the year would be 64,320 hours. The company also estimated that the fixed overhead cost for the year would be $160,800. They further estimated the variable overhead cost to be $4.00 per direct labor-hour. All overhead at Kingsley Products is applied on the basis of direct labor-hours. During the year, fixed overhead costs were exactly as planned ($160,800). Variable overhead was incurred at $4.50 per direct labor-hour. Underapplied overhead for the year was calculated as $18,600.