Thomlin Company forecasts that total overhead for the current year will be $10,340,000 with 188,000 total machine hours. Year to date, the actual overhead is $4,651,200, and the actual machine hours are 81,600 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is
Budgeted Overhed | 10,340,000.00 |
Budgeted Machine Overhead | 188,000 |
Predetermined Overhead Rate | 55.00 |
Actual Machine hours | 81,600 |
Overhead Applied(81600*55) | 4,488,000.00 |
Actual Over Head | 4,651,200.00 |
Under Applied | (163,200.00) |
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Thomlin Company forecasts that total overhead for the current year will be $10,340,000 with 188,000 total...
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