During the year bravo used a total of 37000 direct labor

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Bravo Company uses a predetermined overhead rate to apply manufacturing overhead to production. The rate is based on direct labor hours. Beginning of the year estimates for the year just ended were as follows:

Estimated manufacturing overhead	$240,000
Estimated direct labor hours	40,000

During the year, Bravo used a total of 37,000 direct labor hours. At the end of the year, Bravos records revealed the following information:

Raw materials inventory	$ 35,000
Work in process inventory	60,000
Finished goods inventory	105,000
Cost of goods sold	400,000
Manufacturing overhead costs incurred	210,000

Compute the predetermined overhead rate for the year.
Determine the amount of overhead applied to production during the year.
the amount of underapplied or overapplied manufacturing overhead for the year

Reference no: EM13577723

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