Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the vear, the estimated direct labor-hours were 22,160 hours and the total estimated manufacturing overhead was $585,024. At the end of the year, actual direct labor-hours for the year were 22.150 hours and the actual manufacturing overhead for the year was $585,024. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $314 overapplied $314 underapplied $264 underapplied $264 overapplied

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the vear, the estimated direct labor-hours were 22,160 hours and the total estimated manufacturing overhead was $585,024. At the end of the year, actual direct labor-hours for the year were 22.150 hours and the actual manufacturing overhead for the year was $585,024. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $314 overapplied $314 underapplied $264 underapplied $264 overapplied

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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