At the end of the year, the company assembled the following actual cost data rel

Question

At the end of the year, the company assembled the following actual cost data relating to all jobs worked on during the year:

Compute the underapplied or overapplied overhead for the year, assuming that a plantwide overhead rate is used. (Round your answer to 2 decimal places. Input all amounts as positive values. Omit the "$" sign in your response.)

Compute the underapplied or overapplied overhead for the year, assuming that departmental overhead rates are used. (Input all amounts as positive values. Omit the "$" sign in your response.)

Requirement 5:

At the end of the year, the company assembled the following actual cost data relating to all jobs worked on during the year:

Explanation / Answer

Hi,

Please find the answer as follows:

Part A:

Underapplied Overhead = 90400

Part B:

Thanks.

Department
Fabricating Machining Assembly Total Plant Actual MOH Incurred 561000 831000 92000 1482000 Applied MOH 513600 337600 542400 1393600 Underapplied Overhead 47400 493400 -450400 90400

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