During 2022, Marigold Manufacturing expected Job No. 59 to incur $330000 of overhead cost, $520000 of...
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During 2022, Marigold Manufacturing expected Job No. 59 to incur $330000 of overhead cost, $520000 of direct materials cost, and $150000 in direct labor cost. Marigold applied overhead based on direct labor cost. Actual production required overhead cost of $280000, $610000 in direct materials used, and $250000 in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead? During 2022, Marigold Manufacturing expected Job No. 59 to incur $330000 of overhead cost, $520000 of direct materials cost, and $150000 in direct labor cost. Marigold applied overhead based on direct labor cost. Actual production required overhead cost of $280000, $610000 in direct materials used, and $250000 in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead?
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First we need to calculate the overhead rate per dollar of direct l... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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