Westan Corporation uses a predetermined overhead rate of $25.20 per direct labor-hour. This predetermined rate...
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Accounting
Westan Corporation uses a predetermined overhead rate of $25.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $315,000 of total manufacturing overhead for an estimated activity level of 12,500 direct labor-hours. The company incurred $267,000 of actual total manufacturing overhead costs and 12,800 actual total direct labor-hours during the period.
Using the predetermined overhead rate, the company would have applied a total amount of __________ manufacturing overhead to various jobs during the period.
$288,036
$320,560
$315,000
$267,000
What was the overapplied or underapplied overhead for the year?
$55,560 overapplied
$55,560 underapplied
$48,000 underapplied
$48,000 overapplied
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