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Wilmington Company had estimated $847,500 of manufacturing overhead (MOH) for the year and 56,500 direct labor (DL) hours, resulting in a predetermined MOH rate of $15 per DL hour. By th that year, the company had actually incurred $749,250 of MOH costs and had used a total of 55,500 DL hours on various jobs. 1. By how much did the company overallocate or underallocate MOH for the year? 2. Was MOH overallocated or underallocated for the year? How do you know? 1. By how much did the company overallocate or underallocate MOH for the year? The company overallocated or underallocated MOH for the year by

Wilmington Company had estimated $847,500 of manufacturing overhead (MOH) for the year and 56,500 direct labor (DL) hours, resulting in a predetermined MOH rate of $15 per DL hour. By th that year, the company had actually incurred $749,250 of MOH costs and had used a total of 55,500 DL hours on various jobs. 1. By how much did the company overallocate or underallocate MOH for the year? 2. Was MOH overallocated or underallocated for the year? How do you know? 1. By how much did the company overallocate or underallocate MOH for the year? The company overallocated or underallocated MOH for the year by

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...
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1. By how much did the company overallocate or underallocate MOH for the​ year?
2. Was MOH overallocated or underallocated for the​ year? How do you​ know?
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Wilmington Company had estimated $847,500 of manufacturing overhead (MOH) for the year and 56,500 direct labor (DL) hours, resulting in a predetermined MOH rate of $15 per DL hour. By the end of that year, the company had actually incurred $749,250 of MOH costs and had used a total of 55,500 DL hours on various jobs. 1. By how much did the company overallocate or underallocate MOH for the year? 2. Was MOH overallocated or underallocated for the year? How do you know? 1. By how much did the company overallocate or underallocate MOH for the year? The company overallocated or underallocated MOH for the year by C
Transcribed Image Text:Wilmington Company had estimated $847,500 of manufacturing overhead (MOH) for the year and 56,500 direct labor (DL) hours, resulting in a predetermined MOH rate of $15 per DL hour. By the end of that year, the company had actually incurred $749,250 of MOH costs and had used a total of 55,500 DL hours on various jobs. 1. By how much did the company overallocate or underallocate MOH for the year? 2. Was MOH overallocated or underallocated for the year? How do you know? 1. By how much did the company overallocate or underallocate MOH for the year? The company overallocated or underallocated MOH for the year by C
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