Business, 22.04.2020 03:34 rebecca7415
During March 2019, Annapolis Corporation recorded $40,600 of costs related to factory overhead. Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $43,500 would be incurred, and 4,000 direct labor hours would be worked. During March, 6,250 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied. (Round answers to the nearest whole dollar. Enter as a positive number if under applied. Enter as a negative number if over applied.)
Answer from: isiahisiah799
Overheads have been Over applied by $27,400
Explanation:
Overhead Applied = Predetermined Overhead Rate × Actual Activity
Predetermined Overhead Rate = Budgeted Overheads / Budgeted Activity
= $43,500 / 4,000 direct labor hours
= $ 10,88 per direct labor hour
Overhead Applied = $ 10,88 × 6,250 hours
= $68,000
Actual Overheads = $40,600
Actual Overheads $40,600 < Overhead Applied $68,000
Therefore Overheads have been Over applied by $27,400 that is $68,000 - $40,600
Answer from: Quest
Answer from: Quest
c
explanation:
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During March 2019, Annapolis Corporation recorded $40,600 of costs related to factory overhead. Alph...
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