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What would be over applied overhead

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Reference no: EM132650124

Your company operates in a job cost environment. Last year, your budgets for the following items were:

Factory Overhead Budget $ 60,000

Direct Labor Cost Budget $25,000

Direct Labor Hours Budget 4,000 hours

Machine Hours Budget 10,000 hours

Your actual activity for the same year resulted in the following:

Factory Overhead, Actual $52,000

Direct Labor Cost, Actual $30,000

Direct Labor Hours, Actual 4,200 hours

Machine Hours, Actual 11,000 hours

Question 1: What would be your over/(under) applied overhead if you used: (If it is under applied, it should be a NEGATIVE number. Please round UP to the nearest whole dollar and do not use dollar signs): Note: this question will not be auto graded.

a. Direct Labor Cost

b. Direct Labor Hours

c. Machine Hours?

 

Reference no: EM132650124

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