Find what is amount of underapplied or overapplied overhead

Reference no: EM131989056

Problem

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):

Estimated total fixed manufacturing overhead $14,000
Estimated varibale manufacturing overhead per direct labor hour              $1.80
Estimated total direct labor hours to be worked                                      2,800
Total actual manufacturing overhead costs incurred                                $17,200

                                                                                                   Job P                 Job Q
Direct Materials                                                                         $17,700                $8,800
Direct Labor Cost                                                                      $36,100                $8,550
Actual Direct Labor Hours Worked                                                 1,900                     450

1. If Sweeten Company's labor time tickets totaled $49,350 for the month of March, then how much indirect labor cost would be included in Manufacturing Overhead Incurred?

2. What is the amount of underapplied or overapplied overhead?

Reference no: EM131989056

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