A manufacturing company applies factory overhead based on di…
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $449,802 and direct labor hours would be 49,978. Actual factory overhead costs incurred were $432,976, and actual direct labor hours were 50,113. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year?
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