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What the amount of the manufacturing overhead variance

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Mansfield Corporation estimates its manufacturing overhead costs to be $160,000 and its direct labor costs to be $320,000 for 2007. The actual manufacturing labor costs were $80,000 for job 1, $120,000 for job 2 and $160,000 for job 3 during 2007. Manufacturing overhead is applied to jobs on the basis of direct labor costs using a predetermined overhead rate. The actual manufacturing overhead cost for the year was $172,000.

Problem 1: The amount of overhead assigned to Job 3 during 2007 was:

a. $80,000

b. $320,000

c. $160,000

d. $71,110

Problem 2: The amount of the manufacturing overhead variance during 2007 was:

a. $8,000 Overapplied

b. $12,000 Overapplied

c. 12,000 Underapplied

d. $8,000 Underapplied

Reference no: EM132715880

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