Question: QuickFix Corp. uses a job order costing system with manufacturing overhead applied to products on the basis of direct labor hours. For the upcoming year,

QuickFix Corp. uses a job order costing system with manufacturing overhead
applied to products on the basis of direct labor hours. For the upcoming year,
Cadburn Corp. estimated total manufacturing overhead cost at $270,000
QuickFix total direct labor hours of 45,000. During the year actual
manufacturing overhead incurred was $262,500 and 51,000 direct labor
hours were used.
Calculate the predetermined overhead rate.
Calculate how much manufacturing overhead will be applied to
production.
Is overhead over- or underapplied? By how much?
What account should be adjusted for over- or underapplied overhead?
Should the balance be increased or decreased?
QuickFix Corp. uses a job order costing system with manufacturing overhead

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