Morgan Company uses a job costing system. Morgan Company estimated manufacturing overhead costs for the year at
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Morgan Company uses a job costing system. Morgan Company estimated manufacturing overhead costs for the year at $330,200, based on 60,100 estimated direct labor hours.Actual direct labor hours for the year totaled 75,100. Actual manufacturing overhead for the year was $385,300.
By how much was manufacturing overhead over-allocated or under-allocated for the year. (Round intermediate calculations to the nearest cent.)
A. $55,100 under-allocated
B. $55,100 over-allocated
C. $26,999 over-allocated
D. $26,999 under-allocated
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