Use the following information to complete Exercises below:
Hijinx Company projected the following overhead costs and cost drivers for past year (assume that actual overhead and budgeted overhead were the same):
Hijinx contracted for 2 jobs, both of which were completed during the year. Production managers reported the following data in relation to these jobs:
NOTE: Round per-cost-driver costs in intermediate calculations to two decimal places
-What would have been the amount of under- or over-applied overhead if Hijinx had used a company-wide rate based on direct labor hours?

Question

Use the following information to complete Exercises below: 
Hijinx Company projected the following overhead costs and cost drivers for past year (assume that actual overhead and budgeted overhead were the same):
  Hijinx contracted for 2 jobs, both of which were completed during the year. Production managers reported the following data in relation to these jobs: 
  NOTE: Round per-cost-driver costs in intermediate calculations to two decimal places
-What would have been the amount of under- or over-applied overhead if Hijinx had used a company-wide rate based on direct labor hours?

Quizplus · Accepted Answer

The Answer of Use the following information to complete Exercises below: 
Hijinx Company projected the following overhead costs and cost drivers for past year (assume that actual overhead and budgeted overhead were the same):
  Hijinx contracted for 2 jobs, both of which were completed during the year. Production managers reported the following data in relation to these jobs: 
  NOTE: Round per-cost-driver costs in intermediate calculations to two decimal places
-What would have been the amount of under- or over-applied overhead if Hijinx had used a company-wide rate based on direct labor hours?

Use the Following Information to Complete Exercises Below