Accounting Hw question

User Generated

anranr26

Business Finance

Description

if

Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $313,250 for the year, and machine usage is estimated at 125,300 hours.

For the year, $331,675 of overhead costs are incurred and 130,700 hours are used.

AND the manufacturing overhead rate is 2.50 per machine hour

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

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Explanation & Answer

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313,250 estimated hours=125,300

331,675 overhead cost  130,700


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