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Carlo Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhad to jobs. The company estimated manufacturing overhead at $255,000 for the year and direct labor hours at 100,000 hours. Actual manufacturing overhead costs incurred during the year totaled $265,500. Actual direct labor hours were 105,000. What was the overapplied or underapplied overhead for the year? $2,250 overapplied $2,250 underapplied $15,000 overapplied $15,000 underapplied

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Accounting Basics, Accounting

Category:- Accounting Basics
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