Lawrence Corporation had actual manufacturing overhead costs of $29,500 for the past year.Direct labor cost is $17.50 per hour.Manufacturing overhead is allocated at a rate of $2.50 per direct labor hour.Manufacturing overhead was overallocated for the year by $1,500.
Calculate:
a)Allocated manufacturing overhead costs for year
b)Actual number of direct labor hours worked in year

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The Answer of  Lawrence Corporation had actual manufacturing overhead costs of $29,500 for the past year.Direct labor cost is $17.50 per hour.Manufacturing overhead is allocated at a rate of $2.50 per direct labor hour.Manufacturing overhead was overallocated for the year by $1,500.
Calculate:
a)Allocated manufacturing overhead costs for year
b)Actual number of direct labor hours worked in year

Lawrence Corporation Had Actual Manufacturing Overhead Costs of $29,500 for the Past