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Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 30,000 actual direct labor-hours and incurred $348,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 29,000 direct labor-hours during the year and incur $319,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:

Over applied by $18,000

Over applied by $11,000

Under applied by $18,000

Under applied by $11,000

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91525784

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