Solution-Is the variance over or under estimated

Is the variance over or under estimated

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Reference no: EM132986857

The following information was gathered for Larsen Corp. for the year ending 20xx.

Budgeted direct labor hours 15,500

Actual direct labor hours 16,200

Budgeted factory overhead cost $73,625

Actual factory overhead cost $74,990

Assume direct labor hours is the cost driver

Required:

Problem 1: What is the amount of over/underapplied overhead? Is the variance over or under estimated ?

Reference no: EM132986857

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Is the variance over or under estimated

Reference no: EM132986857

Reference no: EM132986857

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