Question
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $268,992, budgeted machine-hours were 18,680. Actual factory overhead was
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $268,992, budgeted machine-hours were 18,680. Actual factory overhead was $288,820, actual machine-hours were 19,230. How much is the over- or underapplied overhead?
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$18,844 underapplied.
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$11,908 underapplied.
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$6,936 overapplied.
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$0.
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Alex Watson
4th Edition
0199049238, 9780199049233
