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​Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 375 comma 000​, based on 180 comma 000 estimated direct labor hours. Actual direct labor hours for the year totaled 191 comma 000. The manufacturing overhead account contains debit entries totaling $ 391 comma 000. The Manufacturing Overhead for the year was​ ________. (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)

Respuesta :

The Manufacturing Overhead for the year was​   $18,000 overallocated.

Explanation:

  • Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 375 comma 000​, based on 180 comma 000 estimated direct labor hours. Actual direct labor hours for the year totaled 191 comma 000. The manufacturing overhead account contains debit entries totaling $ 391 comma 000.
  • The Manufacturing Overhead for the year was​ $18,000
  • there are basically two types of business overhead which are  administrative overheads and the manufacturing overheads.
  • Overhead expenses includes the following examples,
  • the  accounting fees,
  • advertising, insurance,
  • interest rates,
  • legal fees,
  • labor work,
  • rent, repairing,
  • supplies, taxes,
  • telephone bills,
  • travelling expenses, etc.

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