Problempinnini co uses a predetermined overhead rate based, Ask an Expert

Accounting

Problem:

Pinnini Co. uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, Pinnini Company incurred $272,000 in actual manufacturing overhead cost. The Manufacturing Overhead account showed that overhead was overapplied $15,920 for the year.

Required:

If the predetermined overhead rate was $5.90 per direct labor-hour, how many hours did the company work during the year?

Note: Please provide through step by step calculations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165829

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