Stacey Enterprises uses job costing.Actual overhead for the year was $394,500.The allocated
Overhead was $511,700.What is the balance in the manufacturing overhead account?

Question

Quizplus · Accepted Answer

The balance in the manufacturing overhead account is the difference between the allocated overhead and the actual overhead. Since the allocated overhead ($511,700) is greater than the actual overhead ($394,500), the overhead is overallocated by $117,200.

Stacey Enterprises Uses Job Costing