Solution-How much was manufacturing overhead overallocated

How much was manufacturing overhead overallocated

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Reference no: EM13853048

Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on machine hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows:

Actual manufacturing overhead cost	$501,000
Estimated manufacturing overhead cost	$550,500
Estimated direct labor cost	$175,800
Estimated direct labor hours	50,300
Actual direct labor hours	60,000
Estimated machine hours	40,000
Actual machine hours	35,200

By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent)
A. $66,148 underallocated

B. $66,148 overallocated

C. $16,648 overallocated

D. $16,648 underallocated

Reference no: EM13853048

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How much was manufacturing overhead overallocated

Reference no: EM13853048

Reference no: EM13853048

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