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Discuss the two months and the respective amounts

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Reference no: EM131799225

Brief Exercise 159 During 2016, Arb Company incurred the following direct labor costs: January $20,000 and February $30,000. Arb uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $19,500 and $35,700. Actual overhead for the 2 months, respectively, totaled $25,000 and $33,500.

Calculate overhead applied.

Determine if overhead is over- or underapplied for each of the two months and the respective amounts.

Reference no: EM131799225

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