Horizon Manufacturing Inc. estimated manufacturing overhead costs for 2022 at $420,000, based on 200,000 estimated direct labor hours. The the actual direct labor hours totalled 215,000, and manufacturing overhead account contains debit entries totalling $445,000. What was the over/under-applied manufacturing overhead for 2022?

Horizon Manufacturing Inc. estimated manufacturing overhead costs for 2022 at $420,000, based on 200,000 estimated direct labor hours. The the actual direct labor hours totalled 215,000, and manufacturing overhead account contains debit entries totalling $445,000. What was the over/under-applied manufacturing overhead for 2022?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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