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New Age Electronics manufactures surround sound systems and allocates overhead costs using direct-labor hours. They pay their assembly line workers $15 per hour. Unadjusted Cost

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New Age Electronics manufactures surround sound systems and allocates overhead costs using direct-labor hours. They pay their assembly line workers $15 per hour. Unadjusted Cost of Goods Sold for the year was $598,500. Estimated accounting information for the year is as follows: Overhead costs $140,000 Direct materials $355,000 Direct labor costs (7,000 hours @ $15/hour) $105,000 Direct labor hours 7,000 Machine hours 8,000 Actual accounting information incurred for the year was as follows: Direct materials $350,000 Direct labor (7,100 hours @ $15/hour) $106,500 Production Manager's Salary $ 25,000 Customer 800# order line $ 2,000 Plant rent $ 75,000 Depreciation on plant and equipment $ 50,000 $ 20,000 Marketing expense Plant utilities $ 19,000 Indirect materials $ 1,000 Delivery expenses to customers Depreciation on office equipment $ 5,000 $ 5,000 Machine hours 7.900 What actual amount of overhead costs were incurred? $ 20,0 $ 19,0 Marketing expense Plant utilities Indirect materials Delivery expenses to customers Depreciation on office equipment $ 1,00 $ 5,0 $ 5,0 Machine hours 7,900 What actual amount of overhead costs were incurred? O $180,000 O $170,000 O $175,000 $145,000 New Age Electronics manufactures surround sound systems and allocates overhead costs using direct-labor hours. They pay their assembly line workers $15 per hour. Unadjusted Cost of Goods Sold for the year was $598,500. Estimated accounting information for the year is as follows: Overhead costs $140,000 Direct materials $355,000 Direct labor costs (7,000 hours @ $15/hour) $105,000 Direct labor hours 7,000 Machine hours 8,000 Actual accounting information incurred for the year was as follows: Direct materials $350,000 Direct labor (7,100 hours @ $15/hour) $106,500 Production Manager's Salary $ 25,000 Customer 800# order line $ 2,000 Plant rent $ 75,000 $ 50,000 Depreciation on plant and equipment Marketing expense Plant utilities $ 20,000 $ 19,000 Indirect materials $1,000 Delivery expenses to customers $ 5,000 Depreciation on office equipment $ 5,000 Indirect materials $ 1,000 Delivery expenses to customers $ 5,000 Depreciation on office equipment $ 5,000 Machine hours 7,900 Was overhead under or over allocated/applied and by how much? $28,000 over-allocated/applied $28,000 under-allocated/applied O $30,000 under-allocated/applied O $30,000 over-allocated/applied

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