McGraw-Hill's Taxation of Individuals 2020 Edition
11th Edition
ISBN: 9781260432596
Author: SPILKER, Brian
Publisher: MCGRAW-HILL HIGHER EDUCATION
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During 2025, Wildhorse Company incurred the following direct labor costs: January $26,000 and February $39,000. Wildhorse uses a
predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and
$46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550.
Calculate overhead applied.
January
February
$
Determine if overhead is over- or underapplied for each of the two months and the respective amounts.
January $
February
$
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