Business, 15.04.2020 23:32 kevinseven23
Lawrence Company applies manufacturing overhead to jobs based on machine hours used.
Overhead costs are estimated to be $300,000.
Estimated machine hours are 125,000 hours, and estimated direct labor hours are 50,000 hours.
During the year, actual overhead costs totaled $322,0000 and it incurred 130,000 machine hours and 46,000 direct labor hours.
What is the amount of over or under-allocated overhead?
Answers: 3
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Lawrence Company applies manufacturing overhead to jobs based on machine hours used.
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