Question
Bonita Industries produces industrial convection ovens. For the year, management estimated that total manufacturing overhead would be $ 3207900. Management decided to use direct labor
Bonita Industries produces industrial convection ovens. For the year, management estimated that total manufacturing overhead would be $ 3207900. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 144500 direct labor hours. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control:
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If Bonita closes the entire amount of under- or overapplied overhead to Cost of Goods Sold, what will be the ending balance in that account?
$ 4866000
$ 4801020
$ 4930980
$ 4821000
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