Assume that actual overhead consisted of $30,000 for indirect labor, $20,000 for indirect material, and...
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Accounting
Assume that actual overhead consisted of $30,000 for indirect labor, $20,000 for indirect material, and $10,000 for depreciation of factory equipment. Based on the preset rates, $65,000 of overhead was applied to work in process.
a.Overhead is underapplied. b.None of these. c.This is viewed as an unfavorable situation. d.There will be a $5,000 debit balance in Factory Overhead. e. Overhead is Underapplied, viewed as unfavorable situaiton and results in $5,000 debit balance in factory overhead
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