Solution-Find the underapplied or overapplied overhead for

Find the underapplied or overapplied overhead for September

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Question - Badour Inc. is a job-order manufacturer. The company uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours were 118,000 and estimated factory overhead was $767,000. The following information was for September. Job X was completed during September, while Job Y was started but not finished.

September 1, inventories: Materials $9,400

Work-in-process (All Job X) 37,800

Finished goods 80,800

Materials purchases $129,000

Direct materials requisitioned: Job X $54,900 Job Y 40,400

Direct labor hours: Job X 5,400 Job Y 4,900

Labor costs incurred: Direct labor ($6.40 per hour) $65,920

Indirect labor 16,600

Factory supervisory salaries 7,600

Rental costs: Factory $8,800

Administrative offices 2,600

Total equipment depreciation costs: Factory $9,400

Administrative offices 2,300

Indirect materials used $14,800

Required - Find the underapplied or overapplied overhead for September?

Reference no: EM132953467

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Find the underapplied or overapplied overhead for September

Reference no: EM132953467

Reference no: EM132953467

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