Please given answer McDonnell Industries estimatedmanufacturingoverhead for the year at $290,000. Manufacturingoverhead for the year was underapplied by $12,000.The company applied $235,000 to Work in Process.The amount of actual overhead would have been:A) $278,000.B) $247,000.C) $223,000.D) None of these

Step 1: Definition of Actual OverheadActual manufacturing overhead represents the total indirect…

Answered: McDonnell Industries estimated…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3PA: Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it...

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The amount of actual overhead would have been?
Ans
At the beginning of the year, Vanguard Systems, Inc. determined that estimated overhead costs would be $720,000, while actual overhead costs for the year totaled $770,000. Furthermore, it was determined that the estimated allocation basis would be 75,000 direct labor hours, while direct laborers actually worked 78,000 hours. What was the dollar amount of underallocated or overallocated manufacturing overhead?
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McDonnell Industries estimated manufacturing overhead for the year at $290,000. Manufacturing overhead for the year was underapplied by $12,000. The company applied $235,000 to Work in Process. The amount of actual overhead would have been: A) $278,000. B) $247,000. C) $223,000. D) None of these