Muneer Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for Rs. 510,000 and credited for Rs. 480,000. The ending balance in the Finished Goods inventory account was Rs. 44,400. At the end of the year, manufacturing overhead was overapplied by Rs. 25,900.   If the applied manufacturing overhead was Rs. 199,700.   Calculate the actual manufacturing overhead cost for the year?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 9EA: A new company started production. Job 10 was completed, and Job 20 remains in production. Here is...
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Muneer Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for Rs. 510,000 and credited for Rs. 480,000. The ending balance in the Finished Goods inventory account was Rs. 44,400. At the end of the year, manufacturing overhead was overapplied by Rs. 25,900.

 

If the applied manufacturing overhead was Rs. 199,700.

 

Calculate the actual manufacturing overhead cost for the year?

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