Question
PLEASE HELP!!!!!!! Total manufacturing overhead estimated at the beginning of the year $103,520 Total direct labor costs estimated at the beginning of the year $185,000
PLEASE HELP!!!!!!!
Total manufacturing overhead estimated at the beginning of the year $103,520 Total direct labor costs estimated at the beginning of the year $185,000 Total direct labor hours estimated at the beginning of the year 3,500 direct labor hours Actual manufacturing overhead costs for the year $99,570 Actual direct labor costs for the year $150,000 Actual direct labor hours for the year 2,950 direct labor hours The company bases its manufacturing overhead allocation on the number of direct labor hours. What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent.)
How much overhead was allocated to all jobs throughout the year?
Was the overhead account over- or under-allocated? By how much?
Prepare the journal entry to clear the overhead account.
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