Question
Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 35,000 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 35,000 hours and the total estimated manufacturing overhead was $105,000. At the end of the year, actual direct labor-hours for the year were 32,100 hours and the actual manufacturing overhead for the year was $106,200.
How much overhead does Cribb apply to jobs during the year?
Round all interim computations to the nearest penny and your final answer to the nearest dollar. Do not indicate overapplied or underapplied in the answer. Just put in the numeric value with no punctuation and no + or - sign.
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