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Find what is the amount of under or overapplied overhead

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Problem 1: During 2020, Blackrock Wedding Planners applied overhead using a job-order costing system at a rate of €3.25 per direct labour hour. Estimated direct labour hours totalled 220,000 and estimated overhead was €715,000 for the year. Actual direct labour hours for 2020 totalled 215,000 and actual overhead was €702,000. What is the amount of under or overapplied overhead as of the end of 2020?

A. €13,000 overapplied
B. €13,000 underapplied
C. €16,250 underapplied
D. €3,250 underapplied

Reference no: EM132744943

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