-Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 17,900 hours and the total estimated manufacturing overhead was $341,890. At the end of the year, actual direct labor-hours for the year were 16,700 hours and the actual manufacturing overhead for the year was $336,890. Overhead at the end of the year was:
-The following information relates to Spock Manufacturing Company:
Total estimated manufacturing overhead at beginning of year $620,000
Total manufacturing overhead applied to production during the year $625,000
Total manufacturing overhead incurred during the year $618,000
The company closes out the balance in the Manufacturing Overhead to Cost of Goods Sold at the end of the year. In the journal entry to close out the balance, the company would:
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