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Calculate the amount of overapplied or underapplied overhead
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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
Compute the amount of manufacturing overhead applied by each department.
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X Y Z Direct labor hours 76,000 28,920 63,000 Machine hours 54,000 87,200 21,000 Direct labor cost $395,200 $138,000 $815,000 Direct materials $215,900 $ 24,380 $ 39,080 Manufacturing overhead...
Overapplied and underapplied
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Exercise 3-35 Overapplied or Underapplied Overhead (LO 4, 5) The following information pertains to Paramus Metal Works for the year just ended. Budgeted direct-labor cost: 77,000 hours at $17 per hour Actual direct-labor cost: 79,000 hours at $18 per hour Budgeted manufacturing... View more questions Search
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