Bard manufacturing uses a job order cost accounting system

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Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $191,000 of raw materials on credit; issued materials to production of $212,000 of which $13,000 were indirect. Bard incurred a factory payroll of $156,000, paid in cash, of which $23,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. If Bard incurred total overhead costs of $194,000 during the month, compute the amount of under- or overapplied overhead:

Reference no: EM13599324

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