Lakeside Company estimated manufacturing overhead costs for 2009 at $378,000, based on 180,000 estimated direct labor hours. Actual direct labor hours for 2009 totaled 195,000. Manufacturing overhead contains debit entries totaling $391,500. What was the amount of manufacturing overhead for 2009?
A) $31,500 underallocated
B) $31,500 overallocated
C) $18,000 underallocated
D) $18,000 overallocated
Answer: D
The journal entry to record $200 of depreciation on factory equipment for the current period involves which of the following?
A) debit to accumulated depreciation-factory equipment for $200
B) credit to manufacturing overhead for $200
C) debit to depreciation expense-factory equipment for $200
D) debit to manufacturing overhead for $200
Answer: D
