During the year, Bright Corporation applied factory overhead costs of $330,000 to production.At the end of the year, total overapplied factory overhead is $13,000.What was the amount of actual factory overhead cost incurred during the year?
A) $343,000
B) $300,000
C) $330,000
D) $317,000

Question

Quizplus · Accepted Answer

Actual Factory Overhead Cost = Applied Factory Overhead Cost - Overapplied Factory Overhead
Actual Factory Overhead Cost = $330,000 - $13,000
Actual Factory Overhead Cost = $317,000

During the Year, Bright Corporation Applied Factory Overhead Costs of $330,000