Jackson Manufacturing applies overhead using a normal costing approach based on machine-hours. Budgeted factory overhead was $312,000, and budgeted machine-hours. were 20,800. Actual factory overhead was $330,480, and actual machine-hours were 21,400. How much is the over- or underapplied overhead?

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Chapter5: Process Costing
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How much is the over or underapplid overhead?

Jackson Manufacturing applies overhead
using a normal costing approach based on
machine-hours. Budgeted factory overhead
was $312,000, and budgeted machine-hours.
were 20,800. Actual factory overhead was
$330,480, and actual machine-hours were
21,400.
How much is the over- or underapplied
overhead?
Transcribed Image Text:Jackson Manufacturing applies overhead using a normal costing approach based on machine-hours. Budgeted factory overhead was $312,000, and budgeted machine-hours. were 20,800. Actual factory overhead was $330,480, and actual machine-hours were 21,400. How much is the over- or underapplied overhead?
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