Normal annual capacity for Irving Company is 48,000 units, with production rates being level throughout the year.

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Normal annual capacity for Irving Company is 48,000 units, with production rates being level throughout the year. The October budget shows fixed factory overhead of $ 1,440 and an estimated variable factory overhead rate of $2.10 per unit. During October, actual output was 4,100 units, with a total actual factory overhead of $9,000.
Required:
Calculate the over- or under applied factory overhead for October.
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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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