Homework Answers
OPTION B: $45114 overallocated
EXPLANATION:
Predetermined overhead rate = estimated manufacturing overhead costs/estimated machine hours
= $300600/20500 = $14.66 per hour
Applied overheads = actual machine hours x predetermined overhead rate
= 22900 x $14.66 = $335714
therefore,
Over allocated manufacturing overheads = applied overheads - actual overheads
= $335714 - $290600
= $45114
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