Question
Salinas Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for May follows: Actual manufacturing overhead $180,000 Estimated manufacturing
Salinas Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for May follows:
| Actual manufacturing overhead | $180,000 | |||||
| Estimated manufacturing overhead | $188,600 | |||||
| Direct labor incurred | 4,000 hours @ $23 | = | $92,000 | |||
| Direct labor estimated | 4,100 hours @ $22 | = | $90,200 |
How much is over or underapplied overhead at May 31?
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International Auditing Standards In The United States Comparing And Understanding Standards For ISA And PCAOB
Authors: Asokan Anandarajan, Gary Kleinman
2nd Edition
1953349323, 9781953349323
