Casper Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the
Casper Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year | $624,000 |
|
Estimated direct labor-hours at the beginning of the year | 39,000 | direct labor-hours |
Actual direct labor-hours | 36,000 | direct labor-hours |
Manufacturing Overhead : |
|
|
Indirect labor cost | $131,000 |
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Other manufacturing overhead costs incurred | $543,000 |
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The total amount of manufacturing overhead applied to production is:
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