Business, 05.05.2020 21:25 randlemccray6338

Osborn Manufacturing uses a predetermined overhead rate of $18.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $224,480 of total manufacturing overhead for an estimated activity level of 12,200 direct labor-hours. The company actually incurred $219,000 of manufacturing overhead and 11,700 direct labor-hours during the period. Required:1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. Manufacturing overhead by.2. Assuming that the entire amount of the underapplied or overapplied overhead is closed out to cost of goods sold, what would be the effect of the underapplied or overapplied overhead on the company's gross margin for the period?The gross margin would by.

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Osborn Manufacturing uses a predetermined overhead rate of $18.40 per direct labor-hour. This predet...

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