Answer:
The Corporation's manufacturing overhead for the year was - $19,100
Explanation:
Given information,
Actual direct labor-hours - Â 20,200
Actual manufacturing overhead cost - $142,500
Direct labor-hours - 17,600
Manufacturing overhead costs incurred - $140,800
Predetermined overhead rate for per direct labor-hour - $8
By using these above information, the Corporation's manufacturing overhead can be computed. The steps for calculation is shown below:
Step 1 : First, we have to compute manufacture overhead rate.
Step 2: Than , finally Corporation's manufacturing overhead  come.
So,
Manufacture overhead rate = Actual direct labor-hours × Predetermined overhead rate
                       =  20,200 × $8
                       = $161,600
Now, Corporation's manufacturing overhead = Actual overhead rate = Applied overhead rate
                                     = $142,500 - $161,600
                                     = - $19,100
The Corporation's manufacturing overhead shows negative amount which means it is over applied as it is greater than actual one.
Thus, The Corporation's manufacturing overhead for the year was - $19,100