Answer the following question(s) using the information below.Cloudy Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect cost allocation rate of $21 per direct labour hour.The following data are obtained from the accounting records for June in the current year:
-For June, manufacturing overhead was
A) overallocated by $5,000.
B) underallocated by $32,000.
C) neither underallocated or overallocated.
D) underallocated by $30,000.
E) overallocated by $61,000.
Correct Answer:
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