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The total actual manufacturing overhead incurred during the period for Ashley’s Corporation is $250,000. The total...

The total actual manufacturing overhead incurred during the period for Ashley’s Corporation is $250,000. The total manufacturing applied to all jobs worked on during the period for Ashley’s Corporation is $285,000. What is the amount of over or underapplied manufacturing overhead?

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Answer #1

Since applied overhead is greater than actual overhead;

Over applied overhead=285,000-250,000

which is equal to

=$35,000

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