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Discuss direct labor cost to apply manufacturing overhead

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Reference no: EM131769086

Collins Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information applies to the Corporation for the current year:

 Direct labor-hours:  
   Estimated for the year 24,000
   Actual hours worked 19,500
 Direct labor cost:  
   Estimated for the year $300,000
   Actual cost incurred $210,000
 Manufacturing overhead:  
   Estimated for the year $240,000
   Actual cost incurred $185,000

The manufacturing overhead cost for the current year will be:

$17,000 overapplied $17,000 underapplied $55,000 overapplied $55,000 underapplied

Reference no: EM131769086

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