Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the year, Paul company used a predetermined overhead rate of $3.50 per direct labour hour,based on estimate of 22,000 direct labour hours to be

During the year, Paul company used a predetermined overhead rate of $3.50 per direct labour hour,based on estimate of 22,000 direct labour hours to be worked during the year. Actual over head cost and activity during the year were :

Actual manufacturing overhead cost incurred $90,000

Actual direct labour hours worked 25,000

what was the under or over applied overhead per year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools For Business Decision Making

Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell

9th Edition

1119754054, 9781119754053

More Books

Students also viewed these Accounting questions

Question

Explain how to change negative self-talk into positive self-talk.

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago