Maxiset Constructions applies overhead to jobs using machine hours.The following data are available for the year: $\begin{array}{lr}
\text { Estimated machine hours } & 200000 \
\text { Actual machine hours } & 150000 \
\text { Actual overhead } & \$ 750000
\end{array}$
At the end of the year,it was determined that overhead was underapplied by $150 000.
Required:
A. What was the total applied overhead for the year?
B. What was the predetermined overhead rate?

Question

Maxiset Constructions applies overhead to jobs using machine hours.The following data are available for the year: $\begin{array}{lr}
\text { Estimated machine hours } & 200000 \
\text { Actual machine hours } & 150000 \
\text { Actual overhead } & \$ 750000
\end{array}$  
At the end of the year,it was determined that overhead was underapplied by $150 000.
Required:
A. What was the total applied overhead for the year?
B. What was the predetermined overhead rate?

Quizplus · Accepted Answer

The Answer of Maxiset Constructions applies overhead to jobs using machine hours.The following data are available for the year: $\begin{array}{lr}
\text { Estimated machine hours } & 200000 \
\text { Actual machine hours } & 150000 \
\text { Actual overhead } & \$ 750000
\end{array}$  
At the end of the year,it was determined that overhead was underapplied by $150 000.
Required:
A. What was the total applied overhead for the year?
B. What was the predetermined overhead rate?

Maxiset Constructions Applies Overhead to Jobs Using Machine Hours At the End of the Year,it Was Determined That Overhead