What is the amount of applied manufacturing overhead

Assignment Help Accounting Basics

Reference no: EM131910225

Problem

A manufacturer has the following information:

Budgeted or estimated Mfg OH costs = $16,800

Estimated Direct Labor hours by plant workers = 5000; Plant worker wages = $16/hour, budget & actual.

Estimated Machine Hours = 2500

Actual Mfg OH costs for the period = $16,297

Actual Machine Hours = 2583

Actual Direct Labor hours by plant workers = 5014

What is the predetermined overhead rate for manufacturing overhead?

What is the amount of applied manufacturing overhead?

What is the overapplied or underapplied manufacturing overhead?

Reference no: EM131910225

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