The related data of Amihan Company: Estimated overhead cost P3,000,000 Estimated direct labor hours 120,000 Actual overhead cost P2,786,500 Actual direct labor hours 115,800 Factory overhead is based on direct labor hours. How much is the over-applied factory overhead?
The related data of Amihan Company: Estimated overhead cost P3,000,000 Estimated direct labor hours 120,000 Actual overhead cost P2,786,500 Actual direct labor hours 115,800 Factory overhead is based on direct labor hours. How much is the over-applied factory overhead?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The related data of Amihan Company:
Estimated
Estimated direct labor hours 120,000
Actual overhead cost P2,786,500
Actual direct labor hours 115,800
Factory overhead is based on direct labor hours.
How much is the over-applied factory overhead?
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