Homework Answers
Ans:
Correct option is Option D.$5500 Over applied
CALCULATE UNDER OR OVER APPLIED FACTORY OVERHEAD :
PREDETERMINE OVERHEAD RATE = 250000/100000 = 2.5 PER DIRECT LABOUR HOUR
APPLIED OVERHEAD = 103000*2.5=257500
OVER/UNDER APPLIED = ACTUAL OVERHEAD-APPLIED OVERHEAD
= 252000-257500
OVER APPLIED APPLIED OVERHEAD = 5500
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Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,260,000 75,000 42,000 1,040,300 87,600 40,700 If overhead is applied based on direct labor hours, overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice O $431,380 overapplied $316,255 overapplied.
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