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Assume (1) estimated manufacturing overhead for the coming period of $314,000, (2) actual manufacturing overhead for the period of $320,000, (3) actual direct labor-hours worked
Assume (1) estimated manufacturing overhead for the coming period of $314,000, (2) actual manufacturing overhead for the period of $320,000, (3) actual direct labor-hours worked of 54,000 hours, and (4) estimated direct labor-hours to be worked in the coming period of 55,000 hours. What is the amount of overhead applied to production if direct labor hours is used as an allocation base? Round intermediary calculations to two decimal places.
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