FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Thomlin Company forecasts that total overhead for the current year will be $15,210,000 with 169,000 total machine
hours. Year to date, the actual overhead is $9,110,500, and the actual machine hours are 95,900 hours. If Thomlin
Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time
(year to date), the overhead is
Oa. $479,500 overapplied
Ob. $479,500 underapplied
c. $365,500 overapplied
Od. $365,500 underapplied
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Transcribed Image Text:Thomlin Company forecasts that total overhead for the current year will be $15,210,000 with 169,000 total machine hours. Year to date, the actual overhead is $9,110,500, and the actual machine hours are 95,900 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Oa. $479,500 overapplied Ob. $479,500 underapplied c. $365,500 overapplied Od. $365,500 underapplied
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