Kilt Company had the following information for the year: Direct materials used $ 116,300 Direct labor incurred...
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Accounting
Kilt Company had the following information for the year:
Direct materials used $ 116,300
Direct labor incurred (5,500 hours) 153,700
Actual manufacturing overhead incurred 174,400
Kilt Company used a predetermined overhead rate of $35 per direct labor hour for the year and estimated that direct labor hours would total 6,050 hours. Assume the only inventory balance is an ending Work in Process balance of $17,200.
How much overhead was applied during the year?
Kilt Company had the following information for the year:
Direct materials used $ 116,300
Direct labor incurred (5,500 hours) 153,700
Actual manufacturing overhead incurred 174,400
Kilt Company used a predetermined overhead rate of $35 per direct labor hour for the year and estimated that direct labor hours would total 6,050 hours. Assume the only inventory balance is an ending Work in Process balance of $17,200.
How much overhead was applied during the year?
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