Reference no: EM132527687

Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Data about the company's operations follows:

Estimated Data:

Estimated manufacturing overhead cost            $551,000

Estimated direct labor cost                             $175,200

Estimated direct labor hours                             50,500

Estimated machine hours                                 40,300

Actual Data:

Actual manufacturing overhead cost                $500,900

Actual direct labor hours                                  60,800

Actual machine hours                                      35,800

Question 1: Calculate the companys' Predetermined manufacturing overhead rate.

Question 2: How much manufacturing overhead was allocated (or applied) during the year?

Question 3: Was manufacturing overhead over or under allocated?

Question 4: By how much was it over or under allocated?