Electric Car Company listed the following data for the current year: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $ 1,134,000 70,000 25,000 1,100,900 71,100 24,000 If overhead is applied based on machine hours, the overapplied/underapplied overhead is: Multiple Choice ○ $12,260 underapplied. $12,260 overapplied. $15,370 overapplied. $15,370 underapplied. О ○ $0.

Electric Car Company listed the following data for the current year: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $ 1,134,000 70,000 25,000 1,100,900 71,100 24,000 If overhead is applied based on machine hours, the overapplied/underapplied overhead is: Multiple Choice ○ $12,260 underapplied. $12,260 overapplied. $15,370 overapplied. $15,370 underapplied. О ○ $0.

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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