Renewable Timber Inc. is a lumber company. The company owns two 20,000-acre plots of timber, and sells to construction suppliers. Renewable Timber uses ABC costing to better manage the company, and has accumulated the following information for last year:
What is the amount of over- or under-applied overhead for the year? Round to an even dollar amount only for the final computation of each cost pool.

Question

Renewable Timber Inc. is a lumber company. The company owns two 20,000-acre plots of timber, and sells to construction suppliers. Renewable Timber uses ABC costing to better manage the company, and has accumulated the following information for last year:
  What is the amount of over- or under-applied overhead for the year? Round to an even dollar amount only for the final computation of each cost pool.

Quizplus · Accepted Answer

The Answer of Renewable Timber Inc. is a lumber company. The company owns two 20,000-acre plots of timber, and sells to construction suppliers. Renewable Timber uses ABC costing to better manage the company, and has accumulated the following information for last year:
  What is the amount of over- or under-applied overhead for the year? Round to an even dollar amount only for the final computation of each cost pool.