What was the under- or overapplied overhead last year


Beaver Company used a predetermined overhead rate last year of $2 per direct labor hour, based on an estimate of 25,000 direct labor hours to be worked during the year. Actual costs and activity during the year were:

Actual manufacturing overhead cost incurred: $47,000
Actual direct labor hours worked: 24,000

what was the under- or overapplied overhead last year ?

 

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Accounting Basics: What was the under- or overapplied overhead last year
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