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The following information was gathered for Larsen Corp. for the year ending 20xx. Budgeted direct labor hours15,500 Actual direct labor hours16,200 Budgeted factory overhead cost

The following information was gathered for Larsen Corp. for the year ending 20xx.

Budgeted direct labor hours15,500

Actual direct labor hours16,200

Budgeted factory overhead cost $73,625

Actual factory overhead cost$74,990

-Assume direct labor hours is the cost driver

Required:

What is the amount of over/underapplied overhead ?

Is the variance over or under estimated ?

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