Item 3Item 3 Manufacturing overhead was estimated to be $385,700 for the year along with 20,300 direct labor hours. Actual manufacturing overhead was $423,400, and actual labor hours were 21,600. The amount debited to the Manufacturing Overhead account would be:

$423,400

Explanation:

The Overhead applied to Product Costs are Credited in the Overhead Account whilst the Overheads Actually incurred are Debited. The difference between the debit and credit will represent the amount of overheads under-applied or overheads over applied.

Actual Overheads incurred = $423,400

Applied Overheads = $385,700/20,300 × 21,600

                                 = $ 410,400

Debit manufacturing overhead with actual overhead incurred-$423,400

Explanation:

Absorbed overhead = Overhead absorption rate (OAR) × actual direct labour hours

OAR = Budgeted overhead / Budgeted labour hours

        = $385,700/20,300 hours=

Absorbed overhead = $19 × 21,600 =$410,400

Absorbed overhead = $410,400 .

In accounting for overhead the following entries would be observed

Debit manufacturing overhead with actual overhead incurred-$423,400

And credit manufacturing overhead with absorbed overhead-  $410,400

The difference of $13000  is the over absorbed overhead

answer; /// the correct answer is (shared); /// good luck

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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