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In: AccountingGolden Corporation uses direct labor-hours in its predeterminedoverhead rate. At the beginning of the year,...Golden Corporation uses direct labor-hours in its predeterminedoverhead rate. At the beginning of the year, the estimated directlabor-hours were 22,700 hours. At the end of the year, actualdirect labor-hours for the year were 21,500 hours, the actualmanufacturing overhead for the year was $557,740, and manufacturingoverhead for the year was underapplied by $24,540. The estimatedmanufacturing overhead at the beginning of the year used in thepredetermined overhead rate must have been:$552,520.$583,366.$533,200.$562,960.
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