GB 519 RANK Extraordinary Life/gb519rank.com GB 519 RANK Extraordinary Life/gb519rank.com | Page 25
Budgeted Machine Hours = 24,000 Actual Factory Overhead = 1,037,400 Actual Labor Hours = 72,600 Actual Machine Hours = 23,600 If overhead is applied based on direct labor hours , the overapplied / underapplied overhead is : Student Answer : $ 15,300 underapplied . $ 15,300 overapplied . $ 51,600 underapplied . $ 51,600 overapplied . $ -0- UNIT 2 QUIZ
Question 14 . Question : Randall Company manufactures products to customer
specifications . A job costing system is used to accumulate
production costs . Factory overhead cost was applied at 125 % of
direct labor cost . Selected data concerning the past year ' s operation of the company are presented below .
Budgeted Machine Hours = 24,000 Actual Factory Overhead = 1,037,400 Actual Labor Hours = 72,600 Actual Machine Hours = 23,600 If overhead is applied based on direct labor hours , the overapplied / underapplied overhead is : Student Answer : $ 15,300 underapplied . $ 15,300 overapplied . $ 51,600 underapplied . $ 51,600 overapplied . $ -0- UNIT 2 QUIZ
Question 14 . Question : Randall Company manufactures products to customer
specifications . A job costing system is used to accumulate
production costs . Factory overhead cost was applied at 125 % of
direct labor cost . Selected data concerning the past year ' s operation of the company are presented below .