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Apex company uses a preterdermined overhead rate based on direct labor hours. The company estimated that it would have 31,000 direct labor hours and $580,320 of estomated total manufacturing overhead. The company actually incurred $579,625 in overhead and had 31,630 direct labor hours duuring the period. 1) Determine the amount of overapplied or underapplied overhead for the period.
At the end of the year, actual direct labor-hours for the year were 17,400 hours, manufacturing overhead for the year was overapplied by $13,850, and the actualmanufacturing overhead was $294,130. The predetermined overhead rate for the year must ..
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