Selected data for the CJ Manufacturing Company for the year 2021 follow: Budgeted for Year Direct labor hours 260,000 Manufacturing Overhead Fixed P 585,000 Variable 1,092,000 Total P 1,677,000 Actual for Year Direct labor hours 248,300 Manufacturing Overhead Fixed P 578,400 Variable 1,039.940 Total P 1,618,340 Overhead is applied on the basis of direct labor hours. What is the over or under applied overhead for the year? (A) P16,805 under applied P15,800 under applied C) P16,805 over applied (D) P15,800 over applied

Selected data for the CJ Manufacturing Company for the year 2021 follow: Budgeted for Year Direct labor hours 260,000 Manufacturing Overhead Fixed P 585,000 Variable 1,092,000 Total P 1,677,000 Actual for Year Direct labor hours 248,300 Manufacturing Overhead Fixed P 578,400 Variable 1,039.940 Total P 1,618,340 Overhead is applied on the basis of direct labor hours. What is the over or under applied overhead for the year? (A) P16,805 under applied P15,800 under applied C) P16,805 over applied (D) P15,800 over applied

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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Subject : Accounting
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Budget
Subject :- Accounting