Homework Answers
Answer
Pre-determined overhead rate = Estimated Cost / Estimated hours
= $595,000 / 85,000 Hours
= $7 per hour
Allocated Overhead = Actual Hours * Pre-determined rate
= 87,000 Hrs * $7
= $609,000
Actual Overhead = $599,000
Overapplied Overhead = $609,000 - 599,000
= $10,000
Option A is correct.
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