Vandy Company uses a predetermined overhead rate based on direct labor-hours to apply factory overhead...
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Accounting
Vandy Company uses a predetermined overhead rate based on direct labor-hours to apply factory overhead to jobs. For the month of November, Vandy's estimated factory overhead cost was $400,000 based on an estimated activity level of 100,000 direct labor-hours. Actual overhead amounted to $425,000 with actual direct labor-hours totaling 110,000 for the month. How much was the overapplied or underapplied overhead?
Group of answer choices
$25,000 underapplied
$25,000 overapplied
$15,000 underapplied
$15,000 overapplied
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