How much is the over/underapplied FOH? Indicate whether over/underapplied. Ex. 123456 Overapplied or 123456 Underapplied A...

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How much is the over/underapplied FOH? Indicate whether over/underapplied. Ex. 123456 Overapplied or 123456 Underapplied A company manufactures plastic products for the home and restaurant market. The company also does contract work for other customers and utilizes a job order costing system. The flexible budget covering next years' expected range of activity is: Direct Labor Hours Machine Hours Variable OH Costs Fixed OH Costs Total OH Costs 50,000 40,000 P100,000 80,000 110,000 64,000 88,000 P160,000 P220,000 150,000 150,000 150,000 P250,000 P310,000 P370,000 A predetermined overhead rate is based on direct labor hours is used to apply total overhead. Management has estimated that 100,000 direct labor hours will be used next year. At the end of the year, actual direct labor hours for the year were 112,375 hours and the actual manufacturing overhead for the year was P412,525. How much is the over/underapplied FOH? Indicate whether over/underapplied. Ex. 123456 Overapplied or 123456 Underapplied A company manufactures plastic products for the home and restaurant market. The company also does contract work for other customers and utilizes a job order costing system. The flexible budget covering next years' expected range of activity is: Direct Labor Hours Machine Hours Variable OH Costs Fixed OH Costs Total OH Costs 50,000 40,000 P100,000 80,000 110,000 64,000 88,000 P160,000 P220,000 150,000 150,000 150,000 P250,000 P310,000 P370,000 A predetermined overhead rate is based on direct labor hours is used to apply total overhead. Management has estimated that 100,000 direct labor hours will be used next year. At the end of the year, actual direct labor hours for the year were 112,375 hours and the actual manufacturing overhead for the year was P412,525.

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To determine whether the manufacturing overhead is overapplied or underapplied we ... View the full answer