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Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 14,500 hours and the
Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 14,500 hours and the total estimated manufacturing overhead was $371,200. At the end of the year, actual direct labor-hours for the year were 14,200 hours and the actual manufacturing overhead for the year was $359,770. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.) |
$8,750 underapplied
$8,750 overapplied
$3,750 overapplied
$3,750 underapplied
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