A company estimated 116,794 direct labor hours and $813,983 in overhead. The actual overhead was $892,928, and there were 106,829 direct labor hours. How much is overhead under- or over- applied? Round to the nearest penny, two decimal places. Enter an overapplied overhead as a negative amount. For example, if it is overapplied by 500.00, the input would be -500.00 do not use parenthesis.

A company estimated 116,794 direct labor hours and $813,983 in overhead. The actual overhead was $892,928, and there were 106,829 direct labor hours. How much is overhead under- or over- applied? Round to the nearest penny, two decimal places. Enter an overapplied overhead as a negative amount. For example, if it is overapplied by 500.00, the input would be -500.00 do not use parenthesis.

Name: A company estimated 116,794 direct labor hours and $813,983 inoverhea
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Description: A company estimated 116,794 direct labor hours and $813,983 inoverhead. The actual overhead was $892,928, and there were106,829 direct labor hours. How much is overhead under- or over-applied? Round to the nearest penny, two decimal places. Enter an

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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