Question
Question 1 A production cost center charged budgeted overheads to cost units using a machine hour rate based on the following estimates: Total machine hours
Question 1
A production cost center charged budgeted overheads to cost units using a machine hour rate based on the following estimates:
Total machine hours 1,000
Total oveheads $15,000
A total of 982 machine hours were used and overheads incurred were $15,160.
Calculate the amount of over- or under-applied overhead for the period?
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
