ated manufacturing overhead costs for the year "he Manufacturing Overhead for the vear was the as

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 25

Lakeside, Inc. estimated manufacturing overhead costs for the year at $373,000, based on 181,000 estimated direct labor hours. Actual direct labor hours for the year totaled 192,000. The manufacturing overhead account contains debit entries
totaling $391,000. The Manufacturing Overhead for the year was
(Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
O A. $4,520 overallocated
O B. $39,370 underallocated
OC. $4,520 underallocated
O D. $39.370 overallocated
Transcribed Image Text:Lakeside, Inc. estimated manufacturing overhead costs for the year at $373,000, based on 181,000 estimated direct labor hours. Actual direct labor hours for the year totaled 192,000. The manufacturing overhead account contains debit entries totaling $391,000. The Manufacturing Overhead for the year was (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $4,520 overallocated O B. $39,370 underallocated OC. $4,520 underallocated O D. $39.370 overallocated
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