Question
The Thomlin Company forecasts that total overhead for the current year will be $11,768,000 with 196,000 total machine hours. Year to date, the actual overhead
The Thomlin Company forecasts that total overhead for the current year will be $11,768,000 with 196,000 total machine hours. Year to date, the actual overhead is $7,518,000 and the actual machine hours are 98,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is
Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.
$1,638,000 overapplied
$2,293,200 underapplied
$1,638,000 underapplied
$2,293,200 overapplied
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started