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​Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 372 comma 000​, based on 181 comma 000 estimated direct labor hours. Actual direct labor hours for the year totaled 191 comma 000. The manufacturing overhead account contains debit entries totaling $ 391 comma 000. The Manufacturing Overhead for the year was​ ________. (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)

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TomShelby

Answer:

The applied manufacturing overhead will be $392,543

Explanation:

[tex]\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate[/tex]

Remember that the rate is done by dividing the overhead cost over a cost driver. Direct labour hours is the cost driver for this task.

372,000/181,000 = 2.0552

[tex]cost \: driver \times rate = applied \: overhead[/tex]

191,000 x 2.0552 = 392,543.2

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