Crich Corporation Uses Direct Labor-Hours in Its Predetermined Overhead Rate

question 233

Multiple Choice

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,180 hours and the total estimated manufacturing overhead was $589,988. At the end of the year, actual direct labor-hours for the year were 22,150 hours and the actual manufacturing overhead for the year was $589,988. Overhead at the end of the year was: (Do not round intermediate calculations.)

• A) $848 overapplied
• B) $848 underapplied
• C) $798 underapplied
• D) $798 overapplied

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Definitions:

DNA Molecules

The molecules containing the genetic instructions for the development, functioning, growth, and reproduction of all known living organisms and many viruses.

Genetic Code

A set of rules by which information encoded in genetic material (DNA or RNA sequences) is translated into proteins by living cells.

One-cell Organisms

Living entities consisting of a single cell, capable of performing all necessary life functions, also known as unicellular organisms.

Specific Protein

A protein with a unique structure and function, distinguishing it from other proteins by its specific biological activity or regulatory role.