Business, 11.02.2020 18:55 lilrider777

Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Selected data about the company's operationsfollows:

Actual manufacturing overhead cost

$500,000

Estimated manufacturing overhead cost

$550,000

Estimated direct labor cost

$175,000

Estimated direct labor hours

50,000

Actual direct labor hours

60,000

Estimated machine hours

40,000

Actual machine hours

35,000

By how much was manufacturing overhead overallocated or underallocated for the year?

A.

$100,000 underallocated

B.

$160,000 overallocated

C.

$50,000 overallocated

D.

$50,000 underallocated

Answers: 1

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