Question 15 Walsh Manufacturing Corporation uses a predetermined overhead rate b

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Question 15 Walsh Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,000 actual direct labor- hours and incurred $145,000 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,000 direct labor-hours would be worked and $144,000 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct Not yet answered Points out of 3 F Flag question labor-hour he Carporaee or the year vas Select one: O a. underapplied by $1,000 O b. overapplied by $8,000 O c. underapplied by $8,000 O d. overapplied by $1,000 Question 16 Not yet answered Walsh Inc. produces and sells a single product. The company has provided its contribution format income statement for June.

Explanation / Answer

Applied manufacturing overhead (17000 DLHs*9 per hour)..... 153000

Actual manufacturing overhead.................. 145000

Manufacturing overhead overapplied.......... 8000

Answer is option B overapplied by $8,000

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