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QUESTION 7 This information is used for the next 3 questions: Shawn Inc applies manufacturing overhead on the basis of machine-hours. Here is Shawn's data
QUESTION 7 This information is used for the next 3 questions: Shawn Inc applies manufacturing overhead on the basis of machine-hours. Here is Shawn's data for the period. Estimated manufacturing overhead $150,000 Estimated machine-hours 3,000 Actual manufacturing overhead $152,000 Actual machine-hours 3,030 How much overhead would Shawn apply to his inventory during the period (again, only answer with a number - don't put dollar signs, etc.)? How much is Shawn's overhead under or over applied (again, only answer with a number - don't put dollar signs, etc; the next question asks whether it's over or under absorbed.)
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