figure 8. The following information was extracted from the accounting records of Noelle company for product Z:

STANDARD COSTING CARD

PER UNIT

Direct Materials: 8 pounds x $1.20 per pound

Direct labor: 3 hours x $20 per pound

Factory overhead: ?

Budgeted overhead to the period is $384,600 of fixed costs and $2.00 per direct labor hour. Planned number of units to be produced is 10,000.

The following information is available regarding the company's operations for the period:

Units produced 1,000

Direct labor 3,600 hours

Actual overhead incurred $54,460

Refer to figure 8. Noelles standard overhead rate is

$14.00

$14.34

$14.82

$4.00

$14.48

Refer to figure 8. Noelles amount of over/under applied overhead using standard costing would be

$2,600 underapplied

$11,000 underapplies

$21,000 underappllied

$100 underapplied

$10,000 undersupplied