Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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At the beginning of the year, manufacturing overhead for the
year was estimated to be $272,550. At the end of the year, the
actual direct labor hours for the year were 24,300 hours, the
actual manufacturing overhead for the year was $267,700, and
the manufacturing overhead for the year was overapplied by
$11,750. 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:
a. 24,300 direct labor-hours
b. 23,300 direct labor-hours
c. 22,200 direct labor-hours
d. 23,700 direct labor-hours
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Transcribed Image Text:At the beginning of the year, manufacturing overhead for the year was estimated to be $272,550. At the end of the year, the actual direct labor hours for the year were 24,300 hours, the actual manufacturing overhead for the year was $267,700, and the manufacturing overhead for the year was overapplied by $11,750. 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: a. 24,300 direct labor-hours b. 23,300 direct labor-hours c. 22,200 direct labor-hours d. 23,700 direct labor-hours
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