Question
Williams Incorporated estimated overhead to be $520,000 and direct labor hours to be 100,000 for the year. Actual direct labor ended up being 120,000 hours.
Williams Incorporated estimated overhead to be $520,000 and direct labor hours to be 100,000 for the year. Actual direct labor ended up being 120,000 hours. The actual overhead for the year amounted to $631,000. A. What is the predetermined overhead rate? B. What is the applied overhead for the year? C. What is the amount of under-or over-applied overhead at the end of the year?
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
