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CORPORATE FINANCE MANAGERIAL ACCOUNTING £3.34   Add to cart

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CORPORATE FINANCE MANAGERIAL ACCOUNTING

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Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $423,870. At the end of the year, actual direct labor-hours for the year were 19,400 hours, manufacturing overhead for the year was underapplied by $5,650, and the actual manufacturing overhead was $418,870. The predetermined overhead rate for the year must have been closest to: A) $21.59 B) $20.76 C) $21.30 D) $21.85
Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of t...
C) $21.30 Underapplied (overapplied) manufacturing overhead = Actual manufacturing overhead - Manufacturing overhead appliedManufacturing overhead applied = Actual manufacturing overhead - Underapplied manufacturing overhead= $418,870 - $5,650= $413,220Predetermined overhead rate = Estimated total manufacturing overhead ÷ Estimated total amount of the allocation base = $413,220 ÷ 19,400 direct labor-hours = $21.30 per direct labor-hour
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