Dugan company applies manufacturing overhead to jobs on

Reference no: EM13394789

Dugan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $339,300 for the year, and machine usage is estimated at 125,700 hours.

For the year, $358,964 of overhead costs are incurred and 131,100 hours are used.

a) Compute the Manufacturing Overhead rate per machine hour

b) What is the amount of Overhead under-applied?

c) Prepare an adjusting entry to assign the under or over applied overhead for the year to Cost of Goods Sold.

Reference no: EM13394789

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