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February 1. During the month of February, the company worked on these three jobs: Direct labor ($6/hour) Direct materials OveRequired 1 Required 2 Compute the amount of underapplied or overapplied overhead for February. (Do not round intermediate cal

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Answer #1
1) 4.50
2) Overpplied 31,875
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Statement showing Computations
Particulars Amount
Direct labor cost of B10               53,000.00
Labour hour rate                         6.00
No of labour hours for B10                 8,833.33
No of hours for G15= 19,500/6                 3,250.00
Overhead Applied               14,625.00
Predetermined factory Overhead rate = 14625/3250                         4.50
Overhead applied to B10 = 4.50*8833.33               39,750.00
Total Overhead applied = 39,750 + 44500 + 14625               98,875.00
Actual overhead costs               67,000.00
Overapplied overhead               31,875.00
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