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    tamimi's Avatar
    tamimi Posts: 4, Reputation: 1
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    #1

    Jun 6, 2010, 09:56 AM
    Calculate the amount of overapplied or underapplied overhead
    Applying overhead
    The following information is provided:

    Estimated manufacturing overhead $690,000
    Estimated machine hours 46,000
    Actual machine hours worked 50,000

    Actual costs incurred:
    Indirect materials $170,000
    Indirect labor 230,000
    Utilities 120,000
    Insurance 100,000
    Rent 80,000

    Calculate the amount of overapplied or underapplied overhead
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jun 7, 2010, 03:48 AM

    Please see the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html
    avrila556's Avatar
    avrila556 Posts: 1, Reputation: 1
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    #3

    Jul 9, 2011, 04:05 PM
    Applied OH= $50000*150(predetermined OH rate)
    Applied OH= $750000
    Predertimined OH rate= $690000/46000

    Actual OH= Indirect materials $170,000+Indirect labor 230,000+Utilities 120,000+Insurance 100,000+Rent 80,000
    Actual OH= $700000

    Over-applied/Under-applied OH= $700000 Actual OH - $750000 Applied OH
    Over-applied OH= $50000
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