Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor hours were 33,280 hours and the total estimated manufacturing overhead was $634,368. At the end of the year, actual direct labor hours for the year were 31,500 hours and the actual manufacturing overhead for the year was $634,368. Overhead at the end of the year was

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...
Question

Overhead at the end of the year was

Crich Corporation uses direct labor hours in its
predetermined overhead rate. At the beginning of the year,
the estimated direct labor hours were 33,280 hours and the
total estimated manufacturing overhead was $634,368. At
the end of the year, actual direct labor hours for the year
were 31,500 hours and the actual manufacturing overhead
for the year was $634,368. Overhead at the end of the year
was
Transcribed Image Text:Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor hours were 33,280 hours and the total estimated manufacturing overhead was $634,368. At the end of the year, actual direct labor hours for the year were 31,500 hours and the actual manufacturing overhead for the year was $634,368. Overhead at the end of the year was
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