At the beginning of the year, manufacturing overhead for the year was estimated to be $916,725. At the end of the year, actual direct labor hours for the year were 53,440 hours, the actual manufacturing overhead for the year was $995,000, and the manufacturing overhead for the year was overapplied by $87,805. 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_.

At the beginning of the year, manufacturing overhead for the year was estimated to be $916,725. At the end of the year, actual direct labor hours for the year were 53,440 hours, the actual manufacturing overhead for the year was $995,000, and the manufacturing overhead for the year was overapplied by $87,805. 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_.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 3EB: A company estimated 50,000 direct labor hours and $450,000 in overhead. The actual overhead was...

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