During the first two months of 2022, Wildhorse Company incurred the following direct labor costs: January $26,000 and Febri $39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and $46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550. Calculate overhead applied. January $ February Determine if manufacturing overhead is over- or underapplied for each of the two months and the respective amounts. January $ February $

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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During the first two months of 2022, Wildhorse Company incurred the following direct labor costs: January $26,000 and February
$39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months,
respectively, totaled $25,350 and $46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550.
Calculate overhead applied.
January
February
Determine if manufacturing overhead is over- or underapplied for each of the two months and the respective amounts.
January $
February $
eTextbook and Media:
Transcribed Image Text:During the first two months of 2022, Wildhorse Company incurred the following direct labor costs: January $26,000 and February $39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and $46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550. Calculate overhead applied. January February Determine if manufacturing overhead is over- or underapplied for each of the two months and the respective amounts. January $ February $ eTextbook and Media:
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