Homework Answers
Answer: Overhead is overapplied by $ 10,600.
Predetermined overhead rate = $ 365,400 / 20,300 direct labor hours = $ 18 per direct labor hour.
Overhead applied to production = 21,700 x $ 18 = $ 390,600
Actual overhead incurred : $ 380,000.
Overhead is overapplied by $ 390,600 - $ 380,000 = $ 10,600.
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