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A Company uses a pre-determined overhead rate based on direct labor cost to apply overhead costs to jobs. H1ao-7R Company reported the following information for
A Company uses a pre-determined overhead rate based on direct labor cost to apply overhead costs to jobs. H1ao-7R Company reported the following information for 2039: Estimated Costs Actual Costs Direct labor ................ $340,000 $356,300 Manufacturing overhead ...... $238,000 $212,800 H1ao-7R Company reported a cost of goods sold before adjusting for the overhead variance of $342,270 in 2039. Calculate H1ao-7R Companys cost of goods sold for 2039 after the overhead variance has been closed.
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