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Grossman's Magician's Supplies uses a plantwide predetermined overhead rate of $14.39 per direct labor hour. This predetermined rate was based on a formula that estimated
Grossman's Magician's Supplies uses a plantwide predetermined overhead rate of $14.39 per direct labor hour. This predetermined rate was based on a formula that estimated 10,000 direct labor hours during the period. The company incurred actual total manufacturing overhead costs of $171,378 and 9,940 total direct labor hours during the period. Assuming overhead was under-applied for the period, what would be the amount of the debit to cost of goods sold?
Round your answer to two decimals if necessary.
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