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19 December, 07:49

Kilt Company had the following information for the year: Direct materials used $ 110,000 Direct labor incurred (5,000 hours) $ 150,000 Actual manufacturing overhead incurred $ 166,000 Kilt Company used a predetermined overhead rate of $42.00 per direct labor hour for the year and estimated that direct labor hours would total 5,500 hours. Assume the only inventory balance is an ending Work in Process balance of $17,000. How much overhead was applied during the year?

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  1. 19 December, 08:51
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    Applied overhead = $210,000

    Explanation:

    Giving the following information:

    Direct materials used $ 110,000.

    Direct labor incurred (5,000 hours) $ 150,000

    Actual manufacturing overhead incurred $ 166,000

    Kilt Company used a predetermined overhead rate of $42.00 per direct labor hour.

    Estimated direct labor hours would total 5,500 hours.

    Assume the only inventory balance is an ending Work in Process balance of $17,000.

    Applied overhead = overhead rate*actual direct labor hours

    Applied overhead = 42*5000 = $210,000
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