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Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory
Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for $218,000 and credited for $218,500. The ending balance in the Finished Goods inventory account was $13,000. At the end of the year, manufacturing overhead was overapplied by $36,700.
If the applied manufacturing overhead was $223,900, the actual manufacturing overhead cost for the year was:
$200,700 | ||
$260,600 | ||
$200,200 | ||
$187,200 |
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