Compute the under- or overapplied overhead for the year

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Reference no: EM132769402

Question - A company has a plantwide overhead of $400,000. For the year the actual overhead was $385,000. Budgeted and actual data from the company for the past year are as follows.

Department A Department B

Budgeted department overhead (excludes plantwide overhead) $153,000 $439,900

Actual department overhead 170,000 459,900

Expected total activity:

Direct labor hours 50,000 25,000

Machine hours 15,000 53,000

Actual activity:

Direct labor hours 50,000 23,900

Machine hours 15,800 55,000

Direct materials $21,600

Direct labor cost:

Department A (3,000hrs) 45,000

Department B (1,100hrs) 10,000

Machine hours projected:

Department A 230

Department B 1,200

Units produced 15,000

Required - Compute the under- or overapplied overhead for the year?

Reference no: EM132769402

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