(Appendix 10A) Weyers Incorporated makes a single product--a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

-The total manufacturing overhead is underapplied or overapplied by how much?
A) $10,708 Overapplied
B) $9,956 Underapplied
C) $10,708 Underapplied
D) $9,956 Overapplied

Question

(Appendix 10A) Weyers Incorporated makes a single product--a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below:
 
-The total manufacturing overhead is underapplied or overapplied by how much?
A) $10,708 Overapplied 
B) $9,956 Underapplied 
C) $10,708 Underapplied 
D) $9,956 Overapplied

Quizplus · Accepted Answer

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(Appendix 10A) Weyers Incorporated Makes a Single Product--A Critical Part