Homework Answers
| $12000 | Manufacturing overhead | Overapplied |
Under or over applied overhead is the difference of Overhead Applied to production based on Predermined rate and the actual overhead incurred during the Production cycle.
Manufacturing overhead Includes all the indirect expenses incurred relating to Product cost.
Hence Indirect Material and Labour will include in Manufacturing overhead cost.
Total Actual Manufacturing Overhead inccured
| Indirect Material (98000-79000) | $19000 |
| Indirect Labour (122000-112000) | $10000 |
| Other Manufacturing overhead | $204000 |
| TOTAL Actual Manufacturing Overhead | $233000 |
Overhead Over ( Under Applied ) = Manufacturing overhead Applied - Incurred
=$245000 -$233000
= $12000 Overapplied
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