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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of...

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Accounting

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $242,600 and direct labor hours would be 48,520. Actual factory overhead costs incurred were $243,662, and actual direct labor hours were 50,763. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year?

a. $253,815 overapplied

b. $10,153 overapplied

c. $11,215 underapplied

d. $10,153 underapplied

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