Question 9.4: A bicycle manufacturer estimates that the company will use 3...

A bicycle manufacturer estimates that the company will use 3,000 direct labor hours (DLH). Direct labor hours are used to allocate overhead. The company estimates that fixed overhead costs will be $30,000, and variable costs will be $20/direct labor hour. At the end of the year, the company finds that it estimated fixed overhead and variable overhead per direct labor hour correctly, but used 4,000 direct labor hours. What is the relation between actual overhead costs and allocated overhead costs?