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Wildhorse Company used a predetermined overhead rate of $20.00 per direct labor hour to assign manufacturing overhead to products. Actual overhead incurred was $425.000 and
Wildhorse Company used a predetermined overhead rate of $20.00 per direct labor hour to assign manufacturing overhead to products. Actual overhead incurred was $425.000 and actual labor hours were 21,000. To dispose of overapplied or underapplied overhead, the Cost of Goods Sold account should be: Increased by $5,000. Reduced by $5,000. Reduced by $25,000. Increased by $25,000
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