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Coolidge Company estimates that the factory overhead for the following year will be $196726. The...

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Accounting

Coolidge Company estimates that the factory overhead for the following year will be $196726. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 16142 hours. The machine hours for the month of April for all of the jobs were 11319. If the actual factory overhead for April totaled 332923, determine the over- or underapplied amount for the month.

Select one:

a. $17700

b. $196726

c. $137947

d. $16142

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