A company allocates overhead using direct labor hours. The expected number of direct labor hours is 4,000
Question:
A company allocates overhead using direct labor hours. The expected number of direct labor hours is 4,000 for the coming year and the expected overhead is \($80,000.\) During the year, the company uses 3,600 direct labor hours and the actual overhead was
\($82,000\).
What is the over- or under-absorbed overhead?
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Step by Step Answer:
1Overhead Absorption Rate OAR This is the predetermined rate used to allocate overhead costs to cost ...View the full answer
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Related Book For 
Management Accounting In A Dynamic Environment
ISBN: 9780415839020
1st Edition
Authors: Cheryl S McWatters, Jerold L Zimmerman
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