Nexus Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead...
Nexus Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,709,400 and its estimated level of activity was 51,800 direct labor-hours. The company's direct labor wage rate is $12 per hour. Actual manufacturing overhead amounted to $2,406,000, with actual direct labor cost of $900,000. For the year, manufacturing overhead was:
Homework Answers
Predetermined Overhead rate = Estimated overhead /Estimated direct labor cost
= 1,709,400/(51800*12) = 1,709,400/621,600
= 275% of dl cost
Applied overhead = 275% * 900,000 = 2,475,000
Actual overhead = 2,406,000
So, overhead is over applied by 69,000
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