Jefferson Inc. has the following information for the month of September. The company applies OH cos standard machine hours as the allocation base Actual Results Actual variable OH costs 6520 24 2,320 Actual fixed OH costs 24 4,200 Actual machine hours 1,180 MHs Actual output 1,100 units Budget (for 1,000 units) Variable OH 2$ 2,000 Fixed OH 24 4,000 Budged machine hours 1,000 MHs 2 The total manufacturing overhead is underapplied or overapplied by how much? A. Overapplied by B. Underapplied by 2$ $ 200 7172 6520 120 C. Underapplied by 2$ 320 D. Overapplied by E. None of the above. 80

Jefferson Inc. has the following information for the month of September. The company applies OH cos standard machine hours as the allocation base Actual Results Actual variable OH costs 6520 24 2,320 Actual fixed OH costs 24 4,200 Actual machine hours 1,180 MHs Actual output 1,100 units Budget (for 1,000 units) Variable OH 2$ 2,000 Fixed OH 24 4,000 Budged machine hours 1,000 MHs 2 The total manufacturing overhead is underapplied or overapplied by how much? A. Overapplied by B. Underapplied by 2$ $ 200 7172 6520 120 C. Underapplied by 2$ 320 D. Overapplied by E. None of the above. 80

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1EA: Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor...

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