Question
A production cost center charged budgeted overheads to cost units using a machine hour rate based on the following estimates: Total machine hours 10,000 Total
A production cost center charged budgeted overheads to cost units using a machine hour rate based on the following estimates:
Total machine hours 10,000
Total fixed production overhead $50,000
Answer these questions below if a total 11,500 machine hours were used in actual and the total fixed production overheads is $55,000.
1. Compute the budgeted fixed production overhead absorption rate.
2. Calculate the amount of over- or under-applied overhead for the period
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
