Chen Service applied overhead on the basis of direct labor costs during the current year.Overhead applied was $16,500.Actual overhead incurred was $17,200.
Prepare the adjusting journal entry for over- or underapplied overhead .

Question

Quizplus · Accepted Answer

The Answer of Chen Service applied overhead on the basis of direct labor costs during the current year.Overhead applied was $16,500.Actual overhead incurred was $17,200.
Prepare the adjusting journal entry for over- or underapplied overhead .

Chen Service Applied Overhead on the Basis of Direct Labor