Scottso Corporation applies overhead using an actual costing approach.Budgeted factory overhead was $266,400,budgeted machine-hours were 18,500.Actual factory overhead was $287,920,actual machine-hours were 19,050.How much overhead would be applied to production?

Question

Quizplus · Accepted Answer

Under actual costing, the actual factory overhead incurred is applied to production, which is $287,920.

Scottso Corporation Applies Overhead Using an Actual Costing Approach