Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,160 hours and the total estimated manufacturing overhead was $585,024. At the end of the year, actual direct labor-hours for the year were 22,150 hours and the actual manufacturing overhead for the year was $585,024.
Overhead at the end of the year was:
a.$314 overapplied
b.$314 underapplied
c.$264 underapplied
d. 264 overapplied
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Home » Business » Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,160 hours and the total estimated manufacturing overhead was $585,024.