Rose Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing...
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Accounting
Rose Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs.
On January 1, the estimates for the year were:
Manufacturing overhead $300,000
Direct labor hours 12,000
During year, the actual results were:
Manufacturing overhead $270,000
Machine hours 14,000
Direct labor hours 11,500
Compute the amount of over or under applied factory overhead if any and indicate the type too.
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