During March 2020, Polaro Corporation recorded P40,200 of costs related to factory overhead. overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that P40,900 would be incurred, and 5,000 direct labor hours would be worked. During March, 5,250 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied. (Round answers to the nearest whole dollar. Enter as a positive number if under applied. Enter as a negative number if over applied.)

During March 2020, Polaro Corporation recorded P40,200 of costs related to factory overhead. overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that P40,900 would be incurred, and 5,000 direct labor hours would be worked. During March, 5,250 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied. (Round answers to the nearest whole dollar. Enter as a positive number if under applied. Enter as a negative number if over applied.)

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Description: During March 2020, Polaro Corporation recorded P40,200 of costs related to factory overhead. overheadapplication rate is based on direct labor hours. The preset formula for overhead application estimatedthat P40,900 would be incurred, and 5,000 dire

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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