The davis corporation budgeted factory overhead at $250,000 for the period for the assembly department, based on a budgeted volume of 100,000 direct labor hours. at the end of the period, the factory overhead control account for the assembly department had a balance of $252,000. the actual (and allowed) direct labor hours were 104,000. what was the over- or underapplied factory overhead for the period?

a. $8,000 overapplied
b. $10,000 underapplied
c. $10,000 overapplied
d. $8,000 underapplied

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs