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Aneli [31]
3 years ago
12

Guinan Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc

t labor-hours were 14,800 hours and the total estimated manufacturing overhead was $327,080. At the end of the year, actual direct labor-hours for the year were 13,900 hours and the actual manufacturing overhead for the year was $302,990. Question: Overhead at the end of the year was overapplied by how much?
Business
1 answer:
Tresset [83]3 years ago
7 0

Answer:

$4,200 over applied

Explanation:

For computing the over applied overhead, first we have to find out the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $327,080 ÷ 14,800 hours

= $22.1

Now we have to find the actual overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 13,900 hours × $22.1

= $307,190

So, the overhead over applied would be

= Actual manufacturing overhead - applied overhead

= $302,990 - $307,190

= $4,200 over applied

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Answer: Option B  

                       

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Therefore, analyst tries to make portfolio in such a way that securities will be negatively correlated. If two securities are negatively correlated then the decrease of one will lead to proportionate increase of others.

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Explain the response to laissez-faire economics
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3 years ago
Nadal Corporation manufactures custom molds for use in the extrusion industry. The company allocates manufacturing overhead base
Anna11 [10]

Answer:

C.$46,730

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3 0
3 years ago
PLZ HELP ASAP
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The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the perf
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