File Home insert Dew Formules Data Review View Help Share Caminants Page Layout A B D E F G H J KL M N 46 47 49 48 EXERCISE 5-8 Underapplied and Overapplied Overhead LO7 Cretin Eksterprises uses a predetermined overhead rate of $21.40 per direct labour-hour. This 50 predetermined rate was based on 16.000 estimated direct labour-hours and $342.400 of esti- 51 mated total manufacturing overhead. 52 The company incurred actual total manufacturing overhead costs of $345.000 and 16,500 53 total direct labour-hours during the period. There were no beginning inventories, and all 54 goods produced in the period were shipped out to customers before period-end. 56 Required: 57 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. What is the effect on gross margin for the period? 55 2 58 59 50 51 52 53 EXERCISE 5-16 Overhead Application LO3, LOS B ch futro ch 2-Cost Terms ch 3-Cost Behavior C 4-CVP ch 5 Job Costing ch 6- Process Costing ch 7-ABC ch 8-var-Abcorp 1 Post... MAL ACC. Clash MA. MAS, MA Gani.. X ACC. MAL. 200. Mee. do ENG 1252 PM 2001-01-25