BFAR Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor- hours were 5,966 hours. Actual direct labor-hours for the year were 6,525 hours. The estimated manufacturing overhead at the beginning of the year was P357,960. Compute the applied manufacturing overhead for the year.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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BFAR Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-
hours were 5,966 hours. Actual direct labor-hours for the year were 6,525 hours. The estimated manufacturing overhead at the
beginning of the year was P357,960.
Compute the applied manufacturing overhead for the year.
Transcribed Image Text:BFAR Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor- hours were 5,966 hours. Actual direct labor-hours for the year were 6,525 hours. The estimated manufacturing overhead at the beginning of the year was P357,960. Compute the applied manufacturing overhead for the year.
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