Audrey, Inc. produces tricycles. Overhead is applied on the basis of machine hours required. A...
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Accounting
Audrey, Inc. produces tricycles. Overhead is applied on the basis of machine hours required. A predetermined overhead rate of $18.50 per machine hour is established for 2018.
- If 12,000 machine hours were expected to be used during 2018, how much overhead was expected to be incurred?
- Actual overhead incurred during 2018 totaled $229,400, and 12,200 machine hours were actually used in 2018. Calculate the amount of over/under-applied overhead for 2018.
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