SubmitUOJPBY781 Corp.s manufacturing overhead for the year was estimated to be $783,200 at the begining of the year.O Quiz ToolsAt the end of the year, UOJPBY781's actual direct labor-hours for the year were 36,260 hours.(ID#65031)UOJPBY781's actual manufacturing overhead for the year was $760,000.100%UOJPBY781's manufacturing overhead for the year was overapplied by $37,720.CollapseQ.) If UOJPBY781's predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year usedin the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.)Multiple Choice32,831 direct labor-hours36,260 direct labor-hours35,600 direct labor-hours< Prev9 of 25Next >MacBook Air...

Applied manufacturing overhead Actual manufacturing overhead + Manufacturing overhead overapplied…

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Business

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e estimated direct labor-hours at the beginning of the year

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Submit
UOJPBY781 Corp.s manufacturing overhead for the year was estimated to be $783,200 at the begining of the year.
O Quiz Tools
At the end of the year, UOJPBY781's actual direct labor-hours for the year were 36,260 hours.
(ID#65031)
UOJPBY781's actual manufacturing overhead for the year was $760,000.
100%
UOJPBY781's manufacturing overhead for the year was overapplied by $37,720.
Collapse
Q.) If UOJPBY781's 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: (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
32,831 direct labor-hours
36,260 direct labor-hours
35,600 direct labor-hours
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explain why the factory overhead balance must be disposed of at year end?
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