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What is the amount of under- or overapplied overhead

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Question - Cooper Industries has the following data for the current year:

Direct Labor $220,000

Direct Material 137,800

Actual Overhead 320,000

Applied Overhead 395,000

Raw Material 51,394

Work in Process 101,926

Finished Goods 111,192

Cost of Goods Sold 250,182

Required - What is the amount of under- or overapplied overhead? Prepare the necessary journal entry to dispose of under- or overapplied overhead.

Reference no: EM133120849

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