Ask Question
23 October, 21:18

Kilt Company had the following information for the year: Direct materials used $ 110,000 Direct labor incurred (5,000 hours) $ 150,000 Actual manufacturing overhead incurred $ 166,000 Kilt Company used a predetermined overhead rate of $42.00 per direct labor hour for the year and estimated that direct labor hours would total 5,500 hours. Assume the only inventory balance is an ending Work in Process balance of $17,000. How much overhead was applied during the year?

+3
Answers (1)
  1. 24 October, 00:55
    0
    Applied overhead = $210,000

    Explanation:

    Giving the following information:

    Direct materials used $ 110,000.

    Direct labor incurred (5,000 hours) $ 150,000

    Actual manufacturing overhead incurred $ 166,000

    Kilt Company used a predetermined overhead rate of $42.00 per direct labor hour.

    Estimated direct labor hours would total 5,500 hours.

    Assume the only inventory balance is an ending Work in Process balance of $17,000.

    Applied overhead = overhead rate*actual direct labor hours

    Applied overhead = 42*5000 = $210,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Kilt Company had the following information for the year: Direct materials used $ 110,000 Direct labor incurred (5,000 hours) $ 150,000 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers