Homework Answers
Estimated manufacturing overhead = $400,000
Estimated direct labor hours = 20,000
Predetermined overhead rate = Estimated manufacturing overhead/ Estimated direct labor hours
= 400,000/20,000
= $20 per direct labor hour
Actual direct labor hours = 21,000
Manufacturing overhead applied = Actual direct labor hours x Predetermined overhead rate
= 21,000 x 20
= $420,000
Actual manufacturing overhead = $415,000
Over applied manufacturing overhead = Manufacturing overhead applied- Actual manufacturing overhead
= 420,000-415,000
= $5,000
| General Journal | Debit | Credit |
| Manufacturing overhead | $5,000 | |
| Cost of goods sold | $5,000 | |
| ( To close over applied manufacturing overhead) |
Second option is correct.
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