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Lera25 [3.4K]
3 years ago
12

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

labor-hours were 21,980 hours and the total estimated manufacturing overhead was $540,708. At the end of the year, actual direct labor-hours for the year were 21,950 hours and the actual manufacturing overhead for the year was $540,708. Overhead at the end of the year was:
Business
1 answer:
algol133 years ago
8 0

Answer:

under-applied with $738

Explanation:

<em>If Actual Overheads > Applied Overheads, we have under-applied overheads.</em>

<em>and</em>

<em>If Applied Overheads > Actual Overheads, we have over-applied overheads.</em>

<u>From the question amounts for overheads are as follows :</u>

Actual Overheads = $540,708 (given)

Applied Overheads = $540,708 / 21,980 hours x 21,950 hours = $539,970

Therefore,

Since Actual Overheads > Applied Overheads

Under-applied Overheads = $540,708 - $539,970 = $738

Conclusion :

Overhead at the end of the year was: under-applied with $738

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AE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repu
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3 years ago
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7 0
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Assume the following information for a company with only two products: Product A Product B Total Sales $ 600,000 $ 400,000 $ 1,0
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8 0
3 years ago
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