Sunview Components Ltd. estimated its manufacturing overhead costs for 2024 to be $520,000, based on 130,000 estimated direct labor hours. The actual direct labor hours for 2024 were 138,000. The manufacturing overhead account contains debit entries totaling $532,000. Determine whether the manufacturing overhead for 2024 was overallocated or underallocated. (Round your immediate calculations to one decimal place.)

Sunview Components Ltd. estimated its manufacturing overhead costs for 2024 to be $520,000, based on 130,000 estimated direct labor hours. The actual direct labor hours for 2024 were 138,000. The manufacturing overhead account contains debit entries totaling $532,000. Determine whether the manufacturing overhead for 2024 was overallocated or underallocated. (Round your immediate calculations to one decimal place.)

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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