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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $322,014 and direct labor hours would be 46,002. Actual factory overhead costs incurred were $339,004, and actual direct labor hours were 50,447. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $322,014 and direct labor hours would be 46,002. Actual factory overhead costs incurred were $339,004, and actual di rect labor hours were 50,447. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? Oa. $14,125 underapplied Ob. $31,115 underapplied Oc. $353,129 overapplied Od. $14,125 overapplied
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