Question
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $293,430 and direct labor hours would be 48,905. Actual factory overhead costs incurred were $308,212, and actual direct labor hours were 53,509. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? Oa. $321.054 overapplied Ob. $12.842 overapplied Oc. $12.842 underapplied Od. $27,624 underapplied
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