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Kilt Company had the following information for the year: Direct materials used $ 110,000 Direct labor incurred (5,000 hours) $ 150,000 Actual manufacturing overhead incurred
Kilt Company had the following information for the year:
Direct materials used | $ | 110,000 |
Direct labor incurred (5,000 hours) | $ | 150,000 |
Actual manufacturing overhead incurred | $ | 166,000 |
Kilt Company used a predetermined overhead rate of $42.00 per direct labor hour for the year and estimated that direct labor hours would total 5,500 hours. Assume the only inventory balance is an ending Work in Process balance of $17,000. How much overhead was applied during the year?
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