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Potter, Inc., uses a predetermined rate to apply overhead. At the beginning of the year, Potter estimated its overhead costs at $220,000, direct labor
Potter, Inc., uses a predetermined rate to apply overhead. At the beginning of the year, Potter estimated its overhead costs at $220,000, direct labor hours at 55,000, and machine hours at 20,000 Achal overhead costs incurred were $233,250, actual direct labor hours were 62,000, and actual machine hours were 15,000. If the predetermined overhead rate is based on machine hours, what is the total amount credited to the factory overhead account for the year?
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