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Unformatted text preview: B. Assume that at the end of 2013, actual overhead costs ended up being $480,000 and 30,000 direct labor hours were actually worked during the year. i) How much total overhead was applied during 2013? Answer: _ $600,000 __ Applied overhead (30,000 x $20) 600,000 ii) Based on your answer to the above, by how much was overhead over or under applied during 2013? Be sure to indicate whether it was over or under-applied. Answer: _ $120,000 overapplied Actual overhead $480,000 Applied overhead (30,000 x $20) 600,000 Overlapped $120,000...
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This note was uploaded on 01/11/2011 for the course ACC 200 taught by Professor Buckless during the Winter '08 term at N.C. State.
- Winter '08
- Managerial Accounting