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PureCut Corporation manufactures knives and estimates that direct labour - hours will be 5 0 , 0 0 0 , direct machine - hours will
PureCut Corporation manufactures knives and estimates that direct labourhours will be direct machinehours will be and indirect manufacturing costs costs that will be impossible or difficult to trace to a particular job or process will total $ The company uses a predetermined overhead rate of $ per direct machinehour. The company incurred actual total manufacturing overhead costs of $ and total direct machinehours during the period.
Rounding all calculations to two decimal places:
a Compute the amount of manufacturing overhead applied to units of product during the period
b Compute the amount of over or underapplied overhead for the period
c Prepare the journal entry to dispose of the over or underapplied overhead
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