Beaver company used a predetermined overhead rate last year, Ask an Expert

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Beaver Company used a predetermined overhead rate last year of $2 per direct labor hour, based on an estimate of 25,000 direct labor hours to be worked during the year. Actual costs and activity during the year were:

Actual manufacturing overhead cost incurred: $47,000
Actual direct labor hours worked: 24,000

The under-or overapplied overhead last year was:

a. $1,000 underapplied.

b. $1,000 overapplied.

c. $3,000 overapplied.

d. $2,000 underapplied.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M996527

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