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Sunland Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for
Sunland Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period:
Estimated annual overhead cost | $4000000 |
Actual annual overhead cost | $3970000 |
Estimated machine hours | 500000 |
Actual machine hours | 495000 |
$3970000 applied and neither under- nor overapplied
$4000000 applied and $10000 overapplied
$3960000 applied and $10000 underapplied
$3960000 applied and $10000 overapplied
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