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What is the amount of under- or overapplied overhead at December 31?

Accounting
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Overhead costs are expected to total $313,250 for the year, and machine usage is estimated at 125,300 hours. $331,675 of overhead costs are incurred and 130,700 hours are used.

Jun 11th, 2015

Standard overhead costs                $313,250

Standard machine hours                   125,300

Actual overhead costs                     $331,675

Actual machine hours                         130,700

                                                                          Solution

  Actual overhead costs                                         $331,675

 Standard overhead costs                                       313,250

 Over-applied overhead at December 31               $18,425

Jun 11th, 2015

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