EBK PRINCIPLES OF AUDITING & OTHER ASSU
EBK PRINCIPLES OF AUDITING & OTHER ASSU
21st Edition
ISBN: 9781260299434
Author: WHITTINGTON
Publisher: YUZU
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Chapter 7, Problem 31QRA
To determine

Explain the required documentation of internal control matters in the given case.

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Wilson Tech Systems uses machine hours in its predetermined overhead rate. At the beginning of the year, the estimated machine hours were 12,500 hours and the total estimated manufacturing overhead was $362,500. At the end of the year, actual machine hours used were 13,420 hours and the actual manufacturing overhead incurred was $338,000. Overhead at the end of the year was _.
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