if over head is applied at the rate of 110% of direct lanor costs.

Then from the information determine:

a)the amount of actual Overhead incurred during the year

b)the amount of overhead applied during the year

c ) was the over head for the year under-or-over-applied and by how much ?

9) Based on the following calendar year information: Advertising expense. Depreciation of factory equipment................... Depreciation of office equipment....... Direct labor............... Factory utilities.......... Rent on factory building....... Indirect labor.......... Sales commissions.... Interest expense.......... Inventories, January 1: Raw materials... Work in Process.. Finished goods........ Inventories, December 31: Raw materials........ Work in Process... Finished goods......... Raw materials purchases. $ 38,800 43,000 10,800 150,600 45,650 51,400 30,7550 66,500 3,650 104,450 87,250 95,600 82,300 60,700 101,050 332,450