The Thomlin Company forecasts that total overhead for the current year will be $

Question

The Thomlin Company forecasts that total overhead for the current year will be $11,053,501 and that total machine hours will be 155,213 hours. Year to date, the actual overhead is $7,564,610 and the actual machine hours are 86,702 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date) the overhead is over/under applied by? Select the correct answer. $3,488,891 over $3,488,891 under $1,390,123 under $1,390,123 over

Explanation / Answer

under $1,390,123

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