At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125. At the end of the year, actual direct labor-hours for the year were 36,270 hours, the actual manufacturing overhead for the year was $775,000, and manufacturing overhead for the year was overapplied by $41,075. 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: (Round your intermediate calculations to 2 decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125. At the end of the year, actual direct ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Suppose that an initial $40 billion increase in investment spending expands GDP by $40 billion in the first round of the multiplier process. Also assume that GDP and consumption both rise by $32 billion in the second round of the process. A.
Answers (1)
Exeter Corp. reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its product sales. For tax purposes, the expense is deducted when paid.
Answers (1)
According to the 2018 Pricewaterhouse Coopers CEO survey, what percentage of CEOs are planning a new strategic alliance or JV in the next 12 months?
Answers (1)
A company accountant capitalize a payment that should have been recorded as a revenue and expenditure. How will this affect the company's financial statements?
Answers (1)
Before the year began, Murphy manufacturing estimated that manufacturing overhead for the year would be $175,000 and 13,000 direct labor hours would be worked.
Answers (1)
New Questions in Business
The Jone Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Lastâ week, Jone's purchased and used 96,000 pounds of potatoes at a price of $ 0.70 per pound.
Answers (1)
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. In year one, the basket costs $9.00. In year two, the price of the same basket is $8.00.
Answers (1)
On January 1, 2019, Frederick Corporation had 200,000 shares of common stock outstanding with a par value of $5 per share. On March 31, Frederick Corporation authorized a 10% stock dividend when the market value was $18 per share. Required: 1.
Answers (1)
the owner's initial investment consists of $37,480 cash and $45,910 in land in exchange for its common stock. The company's $17,350 equipment purchase is paid in cash.
Answers (1)
The Blossom Company purchased $10030 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $1770 on hand.
Answers (1)