Lakeside, Inc. estimated manufacturing overhead costs for the year at $377,000, based on 180,000 estimated direct labor hours. Actual direct labor hours for the year totaled 196,000. The manufacturing overhead account contains debit entries totaling $391,000. The Manufacturing Overhead for the year was . (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A. $18,640 underallocated

$18,640 over - applied

Explanation:

For calculating the over-allocated or under-allocated amount, first, we have to compute the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $377,000 ÷ 180,000 hours

= $2.09

Now we have to find the actual overhead i.e.

= Actual direct labor-hours × predetermined overhead rate

= 196,000 hours × $2.09

= $409,640

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $391,000 - $409,640

= $18,640 over - applied

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough

answer; organizational;