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How much was overhead under or over-applied

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Reference no: EM132966884

Question - Given the information below, please answer the questions:

Actual Overhead: $100,000

Expected Overhead: $110,000

Applied Overhead: $99,000

Actual Machine Hours: 11,000 hours

Expected Machine hours: 10,000 hours

Please make sure to show work so I could understand.

1) What is the predetermined rate?

2) How much was overhead under or over-applied"

3) Give the journal entry for any under or over-applied overhead.

Reference no: EM132966884

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