A company had annual budgeted overheads of $2137060 and Machine Hours (the cost driver) were...
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A company had annual budgeted overheads of $2137060 and Machine Hours (the cost driver) were budgeted at 9808 for this year.
If Total Actual Machine Hours during the period was 10416 and the Actual Overhead was $2060373, calculate the over or under applied overhead. (Note if the OHD is overapplied, enter your answer as a whole positive number and if it has been UNDERAPPLIED, enter the number as a NEGATIVE (i.e. with a '-' in front).
Note - do NOT enter '$' signs etc, just enter the amount as a number with NO decimal places. e.g. If overhead was UNDERAPPLIED by $1,000 then enter -1000 or if it was OVERAPPLIED by $1,000 enter 1000.
A company had annual budgeted overheads of $2137060 and Machine Hours (the cost driver) were budgeted at 9808 for this year.
If Total Actual Machine Hours during the period was 10416 and the Actual Overhead was $2060373, calculate the over or under applied overhead. (Note if the OHD is overapplied, enter your answer as a whole positive number and if it has been UNDERAPPLIED, enter the number as a NEGATIVE (i.e. with a '-' in front).
Note - do NOT enter '$' signs etc, just enter the amount as a number with NO decimal places. e.g. If overhead was UNDERAPPLIED by $1,000 then enter -1000 or if it was OVERAPPLIED by $1,000 enter 1000.
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