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How do you find the over/underapplied overhead with these numbers? Estimated Overhead Cost $240,000 Estimated Direct Labor Hours 29,000 Actual Direct Labor Hours 31,587 Estimated
How do you find the over/underapplied overhead with these numbers?
Estimated Overhead Cost | $240,000 | |
Estimated Direct Labor Hours | 29,000 | |
Actual Direct Labor Hours | 31,587 | |
Estimated Machine Hours | 74,000 | |
Actual Machine Hours | 68,541 | |
Depreciation of Mixing Equipment | $48,000 | |
Depreciation of Pouring Equipment | $52,000 | |
Fuel for Cement Truck | $3,900 | |
Supervisor Salaries | $104,000 | |
Advertising Expense | $2,850 | |
Rent Expense for Cement Yard | $23,000 |
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There are 3 Steps involved in it
Step: 1
To find the overunderapplied overhead we need to calculate the predetermined overhead rate first and ...Get Instant Access to Expert-Tailored Solutions
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