Dispose of under- or over applied overhead

Reference no: EM133424668

Question: Miler corporation applies overhead at the rate of 70% of direct labour. Miller incurred 450000 of direct labour during the current year. Miller incurred actual overhead of 367000 compute the amount of under- or over applied overhead for Miller corporation for current year.prepare the necessary journal entry to dispose of under- or over applied overhead.

Reference no: EM133424668

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