INTERMEDIATE ACCOUNTING CONNECT ACCESS +
10th Edition
ISBN: 9781264388608
Author: SPICELAND
Publisher: MCG
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What is the cash conversion cycle for the firm
Delta Tools estimated its manufacturing overhead for the year to be $875,500. At the end of the year, actual direct labor hours were 49,600 hours, and the actual manufacturing overhead was $948,000. Manufacturing overhead for the year was overapplied by $81,400. If the predetermined overhead rate is based on direct labor hours, then the estimated direct labor hours at the beginning of the year used in the predetermined overhead rate must have been _.
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