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Compute the actual overhead costs incurred

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Reference no: EM132524228

Question 1: Actual overhead costs incurred totaled $21,780 and $22,130 of overhead was applied to products worked on during the period, which of the following situations is correct ?

a. Overhead is $350 underapplied

b. Overhead is out of control

c. Overhead is $350 overapplied/overallocated

d. Overhead is underspent

Question 2: Hoyt Company's factory overhead cost was underapplied/underallocated by $4,500 in the current year. The budgeted overhead (static budget) was $200,000 , and the applied/ allocated overhead was $210,000. Compute the actual overhead costs incurred.

Reference no: EM132524228

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