Walter Company uses a job-order costing system to account for product costs. The following information pertains to 2004: Factory overhead rate is £18 per direct labour hour.
What is the amount of under- or overapplied overhead for Walter Company in 2004?
A) £40,000 underapplied
B) £20,000 underapplied
C) £40,000 overapplied
D) £20,000 overapplied
Correct Answer:
Verified
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