During its most recent period, raymond manufacturing expected a job to cost $600,000 of overhead, $1,000,000 of materials, and $400,000 in labor. raymond applies overhead based on direct labor cost. actual production required an overhead cost of $590,000, materials of $1,140,000 were used, and $440,000 in labor. is overhead over- or underapplied and by how much? *

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is