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Question
In 2012, the Cameratta Company used a predetermined manufacturing overhead rate of $4.75 per machine hour. Information for the year is as follows:
Actual overhead costs incurred:
Indirect materials $5,200
Indirect labor $3,750
Plant depreciation $4,800
Plant utilities and insurance $9,530
Other plant overhead costs $12,700
Total machine hours used during the year 7,520
What was the preliminary ending balance in the manufacturing overhead account before the year-end adjustment to clear the balance to zero?
A) Credit of $260
B) Debit of $550
C) Credit of $330
D) Debit of $260
Answer
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