Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $2,000,000 (200,000 hours at $10/hour) and that factory overhead would be $1,500,000 for the current period. At the end of the period, the records show that there had been 140,000 hours of direct labor and $1,200,000 of actual overhead costs. Using direct labor hours as the allocation base, calculate the under-or overapplied overhead for the period. |0|0|0|0|0 2 pts $150,000 underapplied $150,000 overapplied $300,000 underapplied $300,000 overapplied $200,000 underapplied Next >

Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $2,000,000 (200,000 hours at $10/ hour) and that factory overhead would be $1,500,000 for the current period. At the end of the period, the records show that there had been 140,000 hours of direct labor and $1,200,000 of actual overhead costs. Using direct labor hours as the allocation base, calculate the under- or overapplied overhead for the period. $150,000 underapplicd $150,000 overapplied $300,000 underpplied $300,000 overapplied $200.000 underapplied