Polar Corp during March 2019, recorded P42,400 of costs related to factory overhead. overhead application rate is based on direct labor hours. The present formula for overhead application estimated that P42,700 would be incurred, and 4,500 direct labor hours would be worked. During March, 6,250 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied.

Polar Corp during March 2019, recorded P42,400 of costs related to factory overhead. overhead application rate is based on direct labor hours. The present formula for overhead application estimated that P42,700 would be incurred, and 4,500 direct labor hours would be worked. During March, 6,250 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied.

Name: Polar Corp during March 2019, recorded P42,400 of costs related to fa
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Description: Polar Corp during March 2019, recorded P42,400 of costs related to factoryoverhead. overhead application rate is based on direct labor hours. Thepresent formula for overhead application estimated that P42,700 would beincurred, and 4,500 direct labor

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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