Multiple Choice
Forbes Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the period, the Corporation estimated manufacturing overhead would be $18,000 and direct labor-hours would be 15,000. The actual figures were $19,500 for manufacturing overhead and 16,000 direct labor-hours. The cost records for the period will show:
A) overapplied manufacturing overhead of $300
B) overapplied manufacturing overhead of $1,500
C) underapplied manufacturing overhead of $1,500
D) underapplied manufacturing overhead of $300
Correct Answer:
Verified
Correct Answer:
Verified
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