Terrence industries charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of labor hours. the following data pertain to the current year: budgeted manufacturing overhead $ 2,100,000 actual manufacturing overhead 2,111,000 budgeted labor hours 70,000 actual labor hours 72,300. what is the correct status of manufacturing overhead at year-end?

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.