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Kilt Company had the following information for the year: Direct materials used $ 116,400 Direct labor incurred (6,050 hours) $ 152,000 Actual manufacturing overhead incurred
Kilt Company had the following information for the year:
Direct materials used | $ | 116,400 |
Direct labor incurred (6,050 hours) | $ | 152,000 |
Actual manufacturing overhead incurred | $ | 172,200 |
Kilt Company used a predetermined overhead rate of $37 per direct labor hour for the year and estimated that direct labor hours would total 6,655 hours. Assume the only inventory balance is an ending Work in Process balance of $17,100. How much overhead was applied during the year?
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