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?

Answer rating: 100% (QA)

First we need to calculate the overhead rate per dollar of direct l... View the full answer