My Company has a predetermined overhead rate of 179% of direct labor cost. Estimated overhead for the period was $300,000. The actual cost for direct labor was $268,000 and the actual overhead was $309,000. How much overhead was applied? How much was over-or under-applied overhead? Provide answer

My Company has a predetermined overhead rate of 179% of direct labor cost. Estimated overhead for the period was $300,000. The actual cost for direct labor was $268,000 and the actual overhead was $309,000. How much overhead was applied? How much was over-or under-applied overhead? Provide answer

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 10PB: The actual overhead for a company is $73,175. Overhead was based on 4,500 machine hours and was...

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