During 2017, XX company applied $300,000 of overhead cost to job #59. the company applied overhead...
During 2017, XX company applied $300,000 of overhead cost to job #59. the company applied overhead based on direct labor cost. Actual production required an overhead cost $295,000. How much is the amount of over - or underapplied overhead?
1- $5,000 under applied
2- $ 5,000 over applied
3- $35,000 under applied
4- $35,000 under applied
Homework Answers
Applied overhead = 300000
actual overhead = 295000
Applied overhead is higher than actual overhead so it is over applied overhead
So answer is 2) $5000 over applied
Add Answer to:
During 2017, XX company applied $300,000 of overhead cost to job
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