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Garret Corporation uses a predetermined overhead rate of $67.25 per direct labor-hour. This plantwide predetermined rate was based on a cost formula that estimated $11,298,000
Garret Corporation uses a predetermined overhead rate of $67.25 per direct labor-hour. This plantwide predetermined rate was based on a cost formula that estimated $11,298,000 of total manufacturing overhead for an estimated activity level of 168,000 direct labor-hours.
The company incurred actual total manufacturing overhead costs of $11,522,321 and 175,000 total direct labor-hours during the period.
Required:
Determine the amount of manufacturing overhead that would have been applied to all jobs during the period.
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