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Walker Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the years as follows: Actual manufacturing overhead $163,800
Walker Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the years as follows:
Actual manufacturing overhead | $163,800 |
Estimated manufacturing overhead | $158,600 |
Direct labor incurred | 2,500 hours @ $22 = $55,000 |
Direct labor estimated | 2,600 hours @ $21 = $54,600 |
How much is over or underapplied overhead at year end?
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