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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Markswell Corp uses a budgeted factory overhead rate to apply overhead to production. The following data are available for the year ended December 31, 2014. The company has budgeted factory overhead of $750,000, direct labor costs of $500,000, and direct labor hours of 15,000. The actual factory overhead incurred is $800,000, direct labor costs of 450,000, and direct labor hours of 17,000.

Required:
a.   Determine the budgeted factory overhead rate based on direct labor-hours.
b.   What is the applied overhead based on direct labor-hours?
c.   Is overhead overapplied or underapplied? Explain.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
This solved my problem perfectly, thank you for your kind input.
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#3
9 years ago
Cool! No problem.
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