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Well-Flow Company had estimated $1,053,000 of manufacturing overhead? (MOH) for the year and 58,500 direct...

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Question

Accounting

Well-Flow Company had estimated

$1,053,000 of manufacturing overhead? (MOH) for the year and

58,500

direct labor? (DL) hours, resulting in a predetermined MOH rate of

$ 18 per DL hour. By the end of that? year, the company had actually incurred

$1,005,000 of MOH costs and had used a total of 57,000

DL hours on various jobs.

1. By how much did the company overallocate or underallocate MOH for the? year?

2. Was MOH overallocated or underallocated for the? year? How do you? know?

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