A company estimated 117,775 direct labor hours and $804,994 in overhead. The actual overhead was $813,839, and there were 100,747 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 117,775 direct labor hours and $804,994 in overhead. The actual overhead was $813,839, and there were 100,747 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.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:A company estimated 117,775 direct labor hours and $804,994 in overhead. The actual overhead was
$813,839, and there were 100,747 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.
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