Company ABC uses a job-order costing system. The company uses direct labor hour as the allocation base for applying manufacturing overhead cost to individual jobs. At the beginning of the year, the company's estimated manufacturing overhead cost is $1,000,000 and the estimated number of labor hours is 200,000. At the end of the year, the company found that the actual manufacturing overhead cost is $1,200,000 and the actual number of labor hours is 300,000.<\/p>
<\/p>
1. What is the predetermined overhead rate (POHR)?(2 marks)<\/p>
2. Did the company underapply or overapply the manufacturing overhead? What is the amount of overapplied or underapplied overhead? (8 marks)<\/p>", "transcribed_text": "", "related_book": { "title": "Accounting Principles", "isbn": "1119491630, 978-1119491637, 978-0470534793", "edition": "10th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/54.jpg", "uri": "\/textbooks\/accounting-principles-10th-edition-54", "see_more_uri": "" }, "free_related_book": { "isbn": "0367453290", "uri": "\/textbooks\/applied-software-risk-management-a-guide-for-software-project-managers-1st-edition-9780367453299-9780849305313", "name": "Applied Software Risk Management A Guide For Software Project Managers", "edition": "1st\u00a0Edition" }, "question_posted": "2024-06-29 02:33:24", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/for-any-normal-distribution-find-the-probability-the-random", "description": "For any normal distribution, find the probability that the random variable lies within two standard deviations of the mean.", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/144-jump-and-eqaq-scores-mathematician-and-awardwinning-playwright-john-1980451", "description": "1.44 JUMP and EQAQ Scores Mathematician and award-winning playwright John Mighton started Junior Undiscovered Math Prodigies (JUMP) in 1998. 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