Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,700 hours. At the end of the year, actual direct labor-hours for the year were 20,500 hours, the actual manufacturing overhead for the year was $511,440, and manufacturing overhead for the year was underapplied by $23,540.
The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been:
a.$536,065.
b.$487,900.
c.$506,420.
d.$516,460.
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