The following information was gathered for Marlins Company: $$\begin{array} { l r }
\text { Budgeted direct-labor hours } & 8,000 \
\text { Actual direct-labor hours } & 8,100 \
\text { Budgeted factory overhead } & \$ 224,000 \
\text { Actual factory overhead } & \$ 224,970
\end{array}$$ Assume the cost driver is direct-labor hours.The amount of over/underapplied overhead is_____.

Question

The following information was gathered for Marlins Company: $$\begin{array} { l r } 
\text { Budgeted direct-labor hours } & 8,000 \
\text { Actual direct-labor hours } & 8,100 \
\text { Budgeted factory overhead } & \$ 224,000 \
\text { Actual factory overhead } & \$ 224,970
\end{array}$$ Assume the cost driver is direct-labor hours.The amount of over/underapplied overhead is_____.

Quizplus · Accepted Answer

The Answer of The following information was gathered for Marlins Company: $$\begin{array} { l r } 
\text { Budgeted direct-labor hours } & 8,000 \
\text { Actual direct-labor hours } & 8,100 \
\text { Budgeted factory overhead } & \$ 224,000 \
\text { Actual factory overhead } & \$ 224,970
\end{array}$$ Assume the cost driver is direct-labor hours.The amount of over/underapplied overhead is_____.

The Following Information Was Gathered for Marlins Company Assume the Cost Driver Is Direct-Labor Hours