Reference no: EM132872007
Question - The Quadrangle Fabrication Plant suffered a fire incident at the beginning of the year which resulted in loss of property including the accounting records. Some data for the year were retrieved and extracts from it are shown below:
Total manufacturing overhead estimated at the beginning of the year $105,840
Total direct labor costs estimated at the beginning of the year $186,000
Total direct labor hours estimated at the beginning of the year 3,600 direct labor hours
Actual manufacturing overhead costs for the year $99,760
Actual direct labor costs for the year $142,000
Actual direct labor hours for the year 2,950 direct labor hours
The company's manufacturing overhead allocation is based on direct labor hours. How much manufacturing overhead was allocated to production during the year? (Round intermediate calculations to one decimal place.)
A) $105,840
B) $86,730
C) $152,417
D) $186,000