Acheson Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following...

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Acheson Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following data for

business accounting

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Answer 1

Answer #1

Answer: (B) 3,842 Overapplied

The overhead for the year was $159,842

Explanation:

GIVEN INFORMATION -

ESTIMATED ACTUAL

Manufacturing overhead $157,050 $156,000

Machine hours 4,500 4,580

Predetermined overhead absorption rate = Estimated manufacturing overhead / Estimated machine hours
= $157,050 / 4500
= 34.9

For calculating the overhead for the year
we will use the following formula = Predetermined overhead absorption rate * Actual machine hours
= 34.9 * 4,580
= $159,842

Overapplied overhead = $159,842 - $156,000
= 3,842 overapplied

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Answer 2

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