Electric Car Company listed the following data for the current year: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $ 1,116,000 72,000 24,000 1,038,100 71,200 22,000 If overhead is applied based on direct labor hours, the overapplied/underapplied overhead is:

Electric Car Company listed the following data for the current year: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $ 1,116,000 72,000 24,000 1,038,100 71,200 22,000 If overhead is applied based on direct labor hours, the overapplied/underapplied overhead is:

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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