Crinks Corporationu ses direct labor hours in its predetermined in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 14,400 hours and the total estimated manufacturing overhead was $355,680. At the end of the year, actual direct labor-hours for the year were 10,800 hours and the actual manufacturing overhead for the year was $254,840. Overhead at the end of the year was:

$11920 Overapplied

Explanation:

We have to calculate the Predetermined overhead rate which would be:

= Estimated total manufacturing overhead / Estimated amount of the allocation base

= $355,680 ÷ 14,400 direct labor-hours

= $24.70 per direct labor-hour

Since the actual hours is 10,800 hours, therefore, the applied overhead would be:

= 10,800 × 24.70

= $266,760

Since the actual overhead = $254,840, then the overapplied Overhead would be:

= $266,760 - $254,840

= $11920 Overapplied

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

3rd the reason why is because of management and leadership