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Cole Company
| Overhead is applied on direct labor hours | |
| Estimated Manufacturing Overhead cost | 600000 |
| Estimated Direct Labor Hours | 40000 |
| Predetermined Overhead Rate | =Estimated Manufacturing Overhead Cost / Estimated Direct Labor Hours |
| =600000/40000 | |
| $15 per labor hour | |
| Manufacturing Overhead applied | =Actual Labor Hours * Predetermined Overhead Rate |
| =39800*15 | |
| $ 597000 | |
| Manufacturing Overhead Underapplied / (Overapplied) | =Actual Overhead - Applied Overhead |
| =601000-597000 | |
| 4000 Underapplied | |
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