The following information is available for Stultz Company for the year ended December 31, 2020. $990,000 Estimated manufacturing overheads Estimated direct labour hours 180,000 $951,500 Actual manufacturing overhead Manufacturing overhead applied $962,500 What was the number of direct labour hours worked during 2020?

The following information is available for Stultz Company for the year ended December 31, 2020. $990,000 Estimated manufacturing overheads Estimated direct labour hours 180,000 $951,500 Actual manufacturing overhead Manufacturing overhead applied $962,500 What was the number of direct labour hours worked during 2020?

Name: The following information is available for Stultz Company for the yea
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Description: The following information is available for Stultz Company for the year ended December 31, 2020$990,000Estimated manufacturing overheadsEstimated direct labour hours180,000$951,500Actual manufacturing overheadManufacturing overhead applied$962,500Wha

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Question

The following information is available for Stultz Company for the year ended December 31, 2020
$990,000
Estimated manufacturing overheads
Estimated direct labour hours
180,000
$951,500
Actual manufacturing overhead
Manufacturing overhead applied
$962,500
What was the number of direct labour hours worked during 2020?
O O
173.000
b. 175,000
180.000
d.
d. 192.000
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