Ascertain the depreciation expenses on the truck for the year ended December 31, 2018.

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Chapter 8, Problem 2MCQ

To determine

Ascertain the depreciation expenses on the truck for the year ended December 31, 2018.

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Which of the following choices is the correct status of manufacturing overhead at year-end?

Morris Corporation applies manufacturing overhead at the rate of $40 per machine hour. Budgeted machine hours for the current period were anticipated to be 200,000; however, higher than expected production resulted in actual machine hours worked of 225,000. Budgeted and actual manufacturing overhead figures for the year were $8,000,000 and $8,750,000, respectively. On the basis of this information, the company's year-end overhead was: A. overapplied by $250,000 B. underapplied by $250,000 C. overapplied by $750,000 D. underapplied by $750,000

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