A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $404,064 and direct labor hours would be 44,896. Actual factory overhead costs incurred were $436,743, and actual direct labor hours were 50,549. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? Oa. $18,198 overapplied Ob. $454,941 overapplied Oc. $18,198 underapplied Od. $50,877 underapplied
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $404,064 and direct labor hours would be 44,896. Actual factory overhead costs incurred were $436,743, and actual direct labor hours were 50,549. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? Oa. $18,198 overapplied Ob. $454,941 overapplied Oc. $18,198 underapplied Od. $50,877 underapplied
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 4BE: Applying factory overhead Bergan Company estimates that total factory overhead costs will be 620,000...
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