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Question
The Quadrangle Fabrication Plant had a fire at the beginning of 2013 and most of the records for the year 2012 were lost. Some data for the year 2012 were located by the accountants and are shown below.
Total manufacturing overhead estimated at the beginning of the year: $105,840
Total direct labor costs estimated at the beginning of the year: $186,000
Total direct labor hours estimated at the beginning of the year: 3,600 direct labor hours
Actual manufacturing overhead costs for the year: $99,760
Actual direct labor costs for the year: $142,000
Actual direct labor hours for the year: 2,950 direct labor hours
The company bases its manufacturing overhead allocation on direct labor hours. How much manufacturing overhead was allocated to production in 2012? (Please round to the nearest whole dollar.)
A) $105,816
B) $86,730
C) $99,769
D) $81,745
Answer
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