Please solve general accounting question The following information is provided for the year:Actual overhead225,000 PoundsActual machine-hours worked 30,000Budgeted machine hours20,000Applied overhead270,000The under-or overapplied overhead was:a. 20,000 Pounds underapplied.b. 20,000 Pounds overapplied.c. 45,000 Pounds overapplied.d. Cannot be determined.e. 40,000 Pounds overapplied.

Step 1: Define OverheadsOverhead expenses refer to the extra amount spent during the manufacturing…

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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Nova Company’s total overhead cost at various levels of activity are presented below: Month Machine-Hours TotalOverhead Cost April 52,000 $ 203,860 May 42,000 $ 181,060 June 62,000 $ 226,660 July 72,000 $ 249,460 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 42,000 machine-hour level of activity is: Utilities (variable) $ 50,400 Supervisory salaries (fixed) 67,000 Maintenance (mixed) 63,660 Total overhead cost $ 181,060
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