During 2022 Cotte Manufacturing expected Job No.59 to cost $300000 of overhead $500000 of materials and $200000 in labor.Cotte applied overhead based on direct labor cost.Actual production required an overhead cost of $295000 $570000 in materials used and $220000 in labor.All of the goods were completed.How much is the amount of over- or underapplied overhead for this job?
A) $5000 underapplied
B) $5000 overapplied
C) $35000 underapplied
D) $35000 overapplied
Correct Answer:
Verified
Q121: Barnes Company applies overhead on the
Q121: The existence of under- or overapplied overhead
Q122: At the end of the year any
Q124: Kimble Company applies overhead on the
Q125: Barger Company had the following information
Q125: Conceptually any under- or overapplied overhead at
Q129: If the Manufacturing Overhead has a positive
Q130: If Manufacturing Overhead has a negative balance
Q131: If at the end of the year
Q135: If actual overhead is less than applied
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents