Lakeside, Inc. estimated manufacturing overhead costs for the year at $371,000,

Question

Lakeside, Inc. estimated manufacturing overhead costs for the year at $371,000, based on 180,000 estimated direct labor hours. Actual direct labor hours for the year totaled 193,000. The manufacturing overhead account contains debit entries totaling $391,000. The Manufacturing Overhead for the year was (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) OA. $6,580 underallocated 0 B. $44,990 undera!located $6,580 overallocated $44,990 overallocated C. OD.

Explanation / Answer

Average assets Pencil division = (350000+300000)/2= 325000 Return on investment = 30000/325000= 9.23% Option C is correct

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