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Unformatted text preview: b) What is the overhead variance? Is it over or under applied? How is CGS adjusted? 4) Williams Company applies manufacturing overhead costs to products as a percentage of direct labor dollars. Estimated Actual____________ Direct labor hours 25,000 21,875 Direct labor costs $400,000 $350,000 Manufacturing overhead $800,000 $725,000 a) Compute the predetermined overhead rate. b) Compute the applied overhead. c) Compute the overhead variance. 5) Determine Missing Amounts: Actual MOH Applied MOH Over/Under Applied Overhead Variance Adjust CGS + or -$110,000 $105,000 $5,000 $79,000 Over applied $4,500 $261,300 Under applied $10,800 $141,000 $153,800...
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- Spring '11
- Managerial Accounting, Job costing, overhead variance