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    nrtermine123's Avatar
    nrtermine123 Posts: 1, Reputation: 1
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    #1

    Sep 22, 2009, 08:59 AM
    Predetermined OH rate
    Cairo products applies overhead using a combined rate for fixed and variable overhead. The rate is 125% of direct labor cost. During the first three months of the current year, actual costs were incurred as follows:

    Direct Labor costs Actual Overhead

    Jan $360,000 $440000
    Feb 330,000 420,400
    Mar 340,000 421,400

    a. What amount of overhead was applied to production in each of the three months?
    b. What was the underapplied or overapplied overhead for each of the three months and for the first quarter?
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    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 22, 2009, 06:38 PM

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