Crain Company budgeted 35,000 direct labor hours and incurred 40,000 direct labor hours. It incurred $780,000 of overhead and estimated overhead was $735,000.
What is Crain's predetermined overhead rate? Was overhead overapplied or underapplied for the year? By how much?

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The Answer of Crain Company budgeted 35,000 direct labor hours and incurred 40,000 direct labor hours. It incurred $780,000 of overhead and estimated overhead was $735,000.
What is Crain's predetermined overhead rate? Was overhead overapplied or underapplied for the year? By how much?

Crain Company Budgeted 35,000 Direct Labor Hours and Incurred 40,000