Homework Answers
Answer:
b. $ 13,500 underapplied
Explanation:
Overhead rate = Estimated overheads / estimated machine hours
= 620,750 / 65,000
= $ 9.55
Overheads applied = Actual machine hours * Overhead rate
= 54,000 * $ 9.55
= $ 515,700
Under-applied overheads = Actual overheads (-) applied overheads
= $ 529,200 (-) $ 515,700
= $ 13,500 [under-applied]
In case of any doubt, please comment.
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