(Answered) The budget for the month of may calls for 7400 direct labor

Accounting

The budget for the month of May calls for 7,400 direct labor hours to be worked. Budget overhead is $88,000. Over head is applied based on actual hours worked. Actual hours were 7,290 and actual overhead spending was $88,000. What was the under-applied or over-applied overhead for the month of May.

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