MOH was overallocated. We know this because the actual/allocated/estimated MOH costs exceeded the actual/allocated/estimated for the yearthanks for helphwrlhwphltwhpowscreenshot attached Wilmington Company had estimated $847,500 of manufacturingoverhead (MOH) for the year and 56,500 direct labor (DL) hours, resulting ina predetermined MOH rate of $15 per DL hour. By the end of that year, thecompany had actually incurred $749,250 of MOH costs and had used a totalof 55,500 DL hours on various jobs.1. By how much did the company overallocate or underallocate MOH forthe year?2. Was MOH overallocated or underallocated for the year? How doyou know?……1. By how much did the company overallocate or underallocate MOH forthe year?The company overallocated or underallocated MOH for theyear by$ 83,2502. Was MOH overallocated or underallocated for the year? How doyou know?MOH was overallocated. We know this because theexceeded thefor the year.

The over or under allocated overhead is calculated as the difference between the actual and applied…

Answered: MOH was overallocated. We know this…

MOH was overallocated. We know this because the actual/allocated/estimated MOH costs exceeded the actual/allocated/estimated for the year thanks for helph wrlhwphltwhpow

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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Question

MOH was overallocated. We know this because the actual/allocated/estimated MOH costs exceeded the actual/allocated/estimated for the year

thanks for helph

wrlhwphltwhpow

screenshot attached

Wilmington Company had estimated $847,500 of manufacturing
overhead (MOH) for the year and 56,500 direct labor (DL) hours, resulting in
a predetermined MOH rate of $15 per DL hour. By the end of that year, the
company had actually incurred $749,250 of MOH costs and had used a total
of 55,500 DL hours on various jobs.
1. By how much did the company overallocate or underallocate MOH for
the year?
2. Was MOH overallocated or underallocated for the year? How do
you know?
……
1. By how much did the company overallocate or underallocate MOH for
the year?
The company overallocated or underallocated MOH for the
year by
$ 83,250
2. Was MOH overallocated or underallocated for the year? How do
you know?
MOH was overallocated. We know this because the
exceeded the
for the year.

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