Determine under applied or over applied overhead

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Reference no: EM13911872

Determine Under applied or Over applied Overhead [LO4-4]

Kirkaid Company recorded the following transactions for the just completed month:

a. $84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials.

b. Total labor wages of $108,000 were incurred. Of this amount, $105,000 was for direct labor and the remainder was for indirect labor.

c. Additional actual manufacturing overhead costs of $197,000 were incurred.

d. A total of $218,000 in manufacturing overhead was applied to jobs.

Required:

Determine the under applied or over applied overhead for the month.

Reference no: EM13911872

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