Question
Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 14,600 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 14,600 hours and the total estimated manufacturing overhead was $362,080. 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 $347,410. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.)
$9,750 underapplied
$9,750 overapplied
$4,750 underapplied
$4,750 overapplied
Im not sure if my answer of $4,650.00 is overapplied or underapplied.
Thanks
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