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At the beginning of the year, manufacturing overhead for the year was estimated to be $409,500. At the end of the year, actual direct labor-hours for the year were 32,100 hours, the actual manufacturing overhead for the year was $272,500, and manufacturing overhead for the year was overapplied by $289,250. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been:   Multiple Choice   2,700 direct labor-hours.   2,100 direct labor-hours.   28,000 direct labor-hours.   25,400 direct labor-hours.

At the beginning of the year, manufacturing overhead for the year was estimated to be $409,500. At the end of the year, actual direct labor-hours for the year were 32,100 hours, the actual manufacturing overhead for the year was $272,500, and manufacturing overhead for the year was overapplied by $289,250. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been:   Multiple Choice   2,700 direct labor-hours.   2,100 direct labor-hours.   28,000 direct labor-hours.   25,400 direct labor-hours.

FINANCIAL ACCOUNTING
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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At the beginning of the year, manufacturing overhead for the year was estimated to be $409,500. At the end of the year, actual direct labor-hours for the year were 32,100 hours, the actual manufacturing overhead for the year was $272,500, and manufacturing overhead for the year was overapplied by $289,250. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been:

 

Multiple Choice
  •  

    2,700 direct labor-hours.

  •  

    2,100 direct labor-hours.

  •  

    28,000 direct labor-hours.

  •  

    25,400 direct labor-hours.

 
 
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