All of the goods were completed how much is the amount of


Question - During 2017, Swifty Corporation expected job no. 59 to cost $200,000 of overhead, $410,000 of materials, and $100,000 in labor. Swifty applied overhead based on direct labor cost. Actual production required an overhead cost of $195000, $480,000 in materials used, and $130,000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: All of the goods were completed how much is the amount of
Reference No:- TGS02441842

Now Priced at $25 (50% Discount)

Recommended (90%)

Rated (4.3/5)