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How much was manufacturing overhead underapplied

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Reference no: EM132743709

The management of Chaloux Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The Corporation's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours.

                                            Estimated at beginning of year
                                                                                   Capacity                            Actual

Machine hours                        17,000                   21,00                         17,40
Manufactoring overhead              57,120              57,120                             57,120

Problem 1: If the Corporation bases its predetermined overhead rate on capacity, by how much was manufacturing overhead underapplied or overapplied?

A. $9,792 overapplied B. $1,344 underapplied C. $1,344 overapplied D. $9,792 underapplied

Reference no: EM132743709

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