WellsleyWellsley Company had estimated $ 1 comma 011 comma 500$1,011,500 of manufacturing overhead (MOH) for the year and 59 comma 50059,500 direct labor (DL) hours, resulting in a predetermined MOH rate of $ 17$17 per DL hour. By the end of that year, the company had actually incurred $ 883 comma 500$883,500 of MOH costs and had used a total of 57 comma 00057,000 DL hours on various jobs. \ 1. By how much did the company overallocate or underallocate MOH for the year?\ 2. Was MOH overallocated or underallocated for the year? How do you know?

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Answer To determine whether the company overallocated or undera... View the full answer