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Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,100 hours and the total estimated manufacturing overhead was $570,180. At the end of the year, actual direct labor-hours for the year were 22,050 hours and the actual manufacturing overhead for the year was $570,180. Overhead at the end of the year was:
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Answer #1
Manufacturing Overhead $570,180
Direct labor-hours                22,100
Predetermined overhead rate = Total budgeted Overhead/ Total budgeted hours
$570,180/22,100
$25.80
Overhead applied = Predetermined overhead rate × actual hours
$25.80 x 22,050 DLHs
$568,890
Underapplied $1,290 Answer
($570,180 - $568,890)
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