Sweet Acacia Company uses a standard cost system. Indirect costs were budgeted at $195,700 plus $13...
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Sweet Acacia Company uses a standard cost system. Indirect costs were budgeted at $195,700 plus $13 per direct labour hour. The overhead rate is based on 10,300 hours. Actual results were: Standard direct labour hours allowed Actual direct labour hours Fixed overhead Variable overhead 8,690 10,300 $185,900 $180,200 Calculate the over- or underapplied overhead. Sweet Acacia Company uses a standard cost system. Indirect costs were budgeted at $195,700 plus $13 per direct labour hour. The overhead rate is based on 10,300 hours. Actual results were: Standard direct labour hours allowed Actual direct labour hours Fixed overhead Variable overhead 8,690 10,300 $185,900 $180,200 Calculate the over- or underapplied overhead.
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To calculate the overapplied overhead we need to compare the actual overhead incurred ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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