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

50.1K

Verified Solution

Question

Accounting

Winnepeg 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?

Question content area bottom

Part 1

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

The company overallocated or underallocated MOH for the year by .
Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students