Orange Partners uses job order costing and estimates their overhead and pounds. of material moved (their...
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Orange Partners uses job order costing and estimates their overhead and pounds. of material moved (their allocation base) as $187,600 and 13,400, respectively. Actual prime costs were $900,000, actual pounds of materials moved were 15,110 and actual overhead spent was $184,000. What was the under- or over-applied overhead? Report "over" as positive and "under" as negative. Orange Partners uses job order costing and estimates their overhead and pounds. of material moved (their allocation base) as $187,600 and 13,400, respectively. Actual prime costs were $900,000, actual pounds of materials moved were 15,110 and actual overhead spent was $184,000. What was the under- or over-applied overhead? Report "over" as positive and "under" as negative.
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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