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Brusveen corporation applies manufacturing overhead

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41.Brusveen Corporationapplies manufacturing overhead to jobs on the basis of direct labor-hours.The following information relates to Brusveen for last year:EstimatedActualDirect labor-hours..........................15,00014,800Manufacturing overhead cost.........$300,000$287,120
What was Brusveen's underapplied or overapplied overhead for last year?
42.Forbes Company uses a predetermined overhead rate based on direct labor-hours to applymanufacturing overhead to jobs. At the beginning of the period, the company estimatedmanufacturing overhead would be $18,000 and direct labor-hours would be 15,000. The actualfigures were $19,500 for manufacturing overhead and 16,000 direct labor-hours. The cost recordsfor the period will show:
43.At the beginning of the year, manufacturing overhead for the year was estimated to be $250,860. Atthe end of the year, actual direct labor-hours for the year were 20,800 hours, the actualmanufacturing overhead for the year was $245,860, and manufacturing overhead for the year wasunderapplied by $10,820. If the predetermined overhead rate is based on direct labor-hours, thenthe estimated direct labor-hours at the beginning of the year used in the predetermined overheadrate must have been:

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Term
Fall
Professor
N/A
Tags
Cost Accounting, Finished Goods

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