Question 13. Question : ABC Company listed the
following data for the current year:
Budgeted Factory Overhead = $ 1,044,000
Budgeted Direct labor Hours = 69,600
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