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Sandhill Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following
Sandhill Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 62: Company Job 62 Direct materials $58,800 $4,500 Direct labor $24,500 $2,900 Manufacturing overhead costs $79,380 Machine hours 88,200 1,350 During 2022, the actual machine hours totaled 93,100, and actual overhead costs were $69,400. (c) How much overhead is over or underapplied for the year for the company? State amount and whether it is over-or underapplied. Overhead $ overapplied
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