Question: Is overhead underallocated or overallocated and by how much? $1,000 underallocated In a company where manufacturing overhead is applied based on machine hours, the predetermined

Is overhead underallocated or overallocated and by how much?

$1,000 underallocated In a company where manufacturing overhead is applied based on machine hours, the predetermined allocation rate is $3 per machine hour. Actual machine hours were 3,000 and actual manufacturing overhead was $8,000 $1,000 overallocated $5,000 overallocated Is overhead underallocated or overallocated and by how much? $5,000 underallocated I DON'T KNOW YET

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