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wwwwwww During March 2019, Annapolis Corporation recorded $43,800 of costs related to factory overhead. Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $43,700 would be incurred, and 4,500 direct labor hours would be worked. During March, 4,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under- applied. (Round the answer to the nearest whole dollar. Write as a positive number if under-applied. Write as a negative number if over-applied.)

wwwwwww During March 2019, Annapolis Corporation recorded $43,800 of costs related to factory overhead. Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $43,700 would be incurred, and 4,500 direct labor hours would be worked. During March, 4,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under- applied. (Round the answer to the nearest whole dollar. Write as a positive number if under-applied. Write as a negative number if over-applied.)

FINANCIAL ACCOUNTING
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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wwwwwww During March 2019, Annapolis Corporation recorded $43,800 of costs related to factory overhead. Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $43,700 would be incurred, and 4,500 direct labor hours would be worked. During March, 4,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under- applied. (Round the answer to the nearest whole dollar. Write as a positive number if under-applied. Write as a negative number if over-applied.)
Transcribed Image Text:wwwwwww During March 2019, Annapolis Corporation recorded $43,800 of costs related to factory overhead. Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $43,700 would be incurred, and 4,500 direct labor hours would be worked. During March, 4,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under- applied. (Round the answer to the nearest whole dollar. Write as a positive number if under-applied. Write as a negative number if over-applied.)
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