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Here's the Davidson Corp. for the year ending 20xx. Budgeted direct labor hours 15,500 Actual direct labor hours 16,200 Budgeted factory overhead cost $73,625 Actual

Here's the Davidson Corp. for the year ending 20xx.

Budgeted direct labor hours 15,500

Actual direct labor hours 16,200

Budgeted factory overhead cost $73,625

Actual factory overhead cost $74,990

*Assume direct labor hours is the cost driver

Question: What is the amount of over/underapplied overhead and is it over or under applied ?

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