Business, 18.01.2021 21:40 miraclewhipppp

Penn Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $100,000 and direct labor hours would be 10,000. The actual figures for the year were $110,000 for manufacturing overhead and 10,500 direct labor hours. The cost records for the year will show: * 1 point C) underapplied overhead of $5,000. D) overapplied overhead of $5,000. B) underapplied overhead of $10,000. A) overapplied overhead of $10,000.

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Penn Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing o...