Reference no: EM132613308

Question -

Q1. At the beginning of the year, Hasting Corp. estimated manufacturing overhead to be $356,400 for the year along with estimated 29,700 direct labor hours. Actual manufacturing overhead cost for the year was $556,875 and actual labor hours were 30,600. What would be the amount of manufacturing overhead applied to production during the year?

$3 56,400.

$573,750.

$556,875.

$367,200.

Q2. Manufacturing overhead was estimated to be $365,400 for the year along with estimated 20,300 direct labor hours. Actual manufacturing overhead was $380,000, and actual labor hours were 21,700. Which of the following would be correct about the applied manufacturing overhead for the year?

Overhead is underapplled by $14,600.

Overhead is overapplled by $14,600.

Overhead is underapplied by $10,600.

Overhead is overapplled by $10,600.