Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,000 hours and the total estimated manufacturing overhead was $545,600. At the end of the year, actual direct labor-hours for the year were 21,900 hours and the actual manufacturing overhead for the year was $545,600. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $2,530 overapplied

• $2,530 underapplied

• $2,480 underapplied

• $2,480 overapplied

2)

Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.

	Work In Process			Finished Goods			Cost of Goods Sold			Total
Direct materials	$	4,240		$	14,740		$	41,580		$	60,560
Direct labor		9,840			29,480			83,880			123,200
Manufacturing overhead applied		5,860			10,660			35,060			51,580
Total	$	19,940		$	54,880		$	160,520		$	235,340

Manufacturing overhead for the month was overapplied by $4,700.

The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.

The work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: (Round intermediate percentage computations to the nearest whole percent.)

Multiple Choice

• $19,494

• $20,012

• $20,083

• $19,423