Concord Company manufactures a line of lightweight running shoes. CEO Mark Concord estimated that the company would incur $4,134,400 in manufacturing overhead during the coming year. When Concord Company uses direct labor hours as its manufacturing overhead application base, predetermined overhead rate is $19.88/DLH and when it uses machine hours as its manufacturing overhead application base, predetermined overhead rate is $7.60/MH. Additionally, he estimated the company would operate at a level requiring 207,968 direct labor hours and 544,000 machine hours. At the end of the year, Concord Company had worked 205,000 direct labor hours, used 349,000 machine hours, and incurred $2,531,000 in manufacturing overhead.

Part 1

If Concord Company used direct labor hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year?

Overhead applied

$

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Part 2

Using direct labor hours as the application base, was manufacturing overhead under- or overapplied for the year? By how much?

Manufacturing overhead underappliedoverapplied overappliedunderapplied by $

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Part 3

If Concord Company used machine hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year?

Overhead applied

$

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Part 4

Using machine hours as the application base, was manufacturing overhead under- or overapplied for the year? By how much?

Manufacturing overhead underappliedoverapplied overappliedunderapplied by $ .