On January 1, VYLGHA946 Corp. estimated its total overhead for the upcoming year to be $300,000 and its total machine hours to be 25,000. VYLGHA946's actual machine hours for the year were 28,360. The company uses job-order costing with machine hours as the allocation base. At the end of the year, the VYLGHA946's books reveal following actual results: Advertising Expense $9,200 (#ID18121) Direct Labor $22,000 Purchases of Raw Materials $17,200 Rent, Factory Building $51,900 Indirect Labor $54,500 Sales Commissions $9,600 Utilities, Factory $11,700 Maintenance, Factory Equipment $9,500 CEO Salary $7,500 Depreciation, Factory Equipment $14,000 Q. What is VYLGHA946's amount of over- or under-applied OH? (Enter just the amount.)
On January 1, VYLGHA946 Corp. estimated its total overhead for the upcoming year to be $300,000 and its total machine hours to be 25,000. VYLGHA946's actual machine hours for the year were 28,360. The company uses job-order costing with machine hours as the allocation base. At the end of the year, the VYLGHA946's books reveal following actual results: Advertising Expense $9,200 (#ID18121) Direct Labor $22,000 Purchases of Raw Materials $17,200 Rent, Factory Building $51,900 Indirect Labor $54,500 Sales Commissions $9,600 Utilities, Factory $11,700 Maintenance, Factory Equipment $9,500 CEO Salary $7,500 Depreciation, Factory Equipment $14,000 Q. What is VYLGHA946's amount of over- or under-applied OH? (Enter just the amount.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education