3. Flagler Company allocates overhead based on machine hours. They estimated overhead costs for the year to be $420,000. Estimated machine hours were 50,000. Actual hours and costs for the year were 46,000 machine hours and $380,000 of overhead. Required: What is the predetermined factory overhead application rate for the year ? a. b. What is the amount of applied overhead for the year? What is the amount of under or overapplied overhead for the year? c. d. Indicate whether it is overapplied or underapplied (circle one)
3. Flagler Company allocates overhead based on machine hours. They estimated overhead costs for the year to be $420,000. Estimated machine hours were 50,000. Actual hours and costs for the year were 46,000 machine hours and $380,000 of overhead. Required: What is the predetermined factory overhead application rate for the year ? a. b. What is the amount of applied overhead for the year? What is the amount of under or overapplied overhead for the year? c. d. Indicate whether it is overapplied or underapplied (circle one)
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 11PA: When setting its predetermined overhead application race, Tasty Box Meals estimated its overhead...
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I just need question 3 answered I already had question 2 answered but thanks in advance.
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