Using direct labor (DL) hours as the allocation base, Jimmy Corporation uses one plant wide overhead rate What is this rate per direct labor hour a $ If Jimmy decides to use separate overhead rates for department AA and BB, what is the overhead rate per DL hour for Department AA b $76 00 Department BB c $ Below are two products produced during the year If the plant wide overhead rate was used for overhead allocation, what is the amount of overhead allocated to these products Product x d $208 00 Product y e $12 00 If the departmental overhead rates were used for allocation, what is the amount of overhead allocated to these products The following is actual overhead and direct labor hours as of year end, 12 23 2023 If the plant wide overhead rate was used, how much was the overhead over or (under) allocated for the year h $ Was the overhead over applied or under applied If the departmental overhead rates were used for allocation, how much was the overhead over or (under) allocated for the year Department AA i $ Was the overhead over applied or under applied Department BB j $ Was the overhead over applied or under applied Excluding the results above, is under applied overhead considered good (revenue) or bad (expense) news k How do companies normally account for under applied overhead at year end Debit or credit I to m (list the general ledger account name)

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Using direct labor (DL) hours as the allocation base, Jimmy Corporation uses one plant wide overhead rate  What is this rate per direct labor hour a  $ If Jimmy decides to use separate overhead rates for department AA and BB, what is the overhead rate per DL hour for  Department AA b  $76 00 Department BB c  $ Below are two products produced during the year  If the plant wide overhead rate was used for overhead allocation, what is the amount of overhead allocated to these products  Product x d  $208 00 Product y e   $12 00 If the departmental overhead rates were used for allocation, what is the amount of overhead allocated to these products  The following is actual overhead and direct labor hours as of year end, 12 23 2023  If the plant wide overhead rate was used, how much was the overhead over or (under) allocated for the year  h   $ Was the overhead over applied or under applied  If the departmental overhead rates were used for allocation, how much was the overhead over or (under) allocated for the year  Department AA i   $ Was the overhead over applied or under applied  Department BB j   $ Was the overhead over applied or under applied  Excluding the results above, is under applied overhead considered good (revenue) or bad (expense) news  k  How do companies normally account for under applied overhead at year end  Debit or credit  I  to  m  (list the general ledger account name)

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Using direct labor (DL) hours as the allocation base, Jimmy Corporation uses one plant wide overhead rate. What is this rate per direct labor hour

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