Cavy Company estimates that total factory overhead costs for the following year will be $1,749,900. The company has decided that the basis for applying factory overhead should be machine hours, which are estimated to be 30,700 hours. The machine hours for the month of April for all of the jobs were 5,300. If the actual factory overhead for April totaled $309,350. Determine the over- or underapplied amount for the month. Enter the amount as a positive number.
Cavy Company estimates that total factory overhead costs for the following year will be $1,749,900. The company has decided that the basis for applying factory overhead should be machine hours, which are estimated to be 30,700 hours. The machine hours for the month of April for all of the jobs were 5,300. If the actual factory overhead for April totaled $309,350. Determine the over- or underapplied amount for the month. Enter the amount as a positive number.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Cavy Company estimates that total
Determine the over- or underapplied amount for the month. Enter the amount as a positive number.
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