6 Kilt Company had the following information for the year:Direct materials used= $110,000Direct labor incurred (5,000 hours)= $150,000319774Actual manufacturing overhead incurred= $166,000Kilt Company used a predetermined overhead rate of $42 per direct laborhour for the year and estimated that direct labor hours would total 5,500hours. Assume the only inventory balance is an ending Work in Processbalance of $17,000.How much overhead was applied during the year?IA. $231,000B. $150,000C. $166,000$210.000

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How much overhead was applied during the year? I A. $231,000 B. $150,000 C. $166,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Kilt Company had the following information for the year:
Direct materials used= $110,000
Direct labor incurred (5,000 hours)= $150,000
319774
Actual manufacturing overhead incurred= $166,000
Kilt Company used a predetermined overhead rate of $42 per direct labor
hour for the year and estimated that direct labor hours would total 5,500
hours. Assume the only inventory balance is an ending Work in Process
balance of $17,000.
How much overhead was applied during the year?
I
A. $231,000
B. $150,000
C. $166,000
$210.000

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