At the beginning of the year, manufacturing overhead for the year was estimated to be $974,700. At the end of the year, actual direct labor-hours for the year were 36,360 hours, the actual manufacturing overhead for the year was $930,000, and manufacturing overhead for the yearwas overapplied by $51,720. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at thebeginning of the year used in the predetermined overhead rate must have been:Note: Do not round intermediate calculations.Multiple Choice34.444 direct labor-hours32,529 direct labor-hours36,360 direct labor-hours36,100 direct labor-hours

Name: At the beginning of the year, manufacturing overhead for the year was
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Description: At the beginning of the year, manufacturing overhead for the year was estimated to be $974,700. At the end of the year, actual direct labor-hours for the year were 36,360 hours, the actual manufacturing overhead for the year was $930,000, and manufa

The predetermined overhead rate is a fixed amount set at the beginning of a period to allocate…

Answered: 36,100 direct labor-hours

Business

Accounting

36,100 direct labor-hours

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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