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 $273,650. At the end of the year,
the actual direct labor hours for the year were 27,400 hours,
the actual manufacturing overhead for the year was
$271,400, and the manufacturing overhead for the year was
overapplied by $14,650. 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
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Transcribed Image Text:At the beginning of the year, manufacturing overhead for the year was estimated to be $273,650. At the end of the year, the actual direct labor hours for the year were 27,400 hours, the actual manufacturing overhead for the year was $271,400, and the manufacturing overhead for the year was overapplied by $14,650. 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
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