Madtack Company's beginning and ending inventories for the month of November were as follows: Madtack applies manufacturing overhead cost to jobs at the rate of 70% of direct labor cost incurred. The company does not close underapplied or overapplied manufacturing overhead to Cost of Goods Sold until the end of the year.
-Madtack Company's manufacturing overhead for November was:

Question

Madtack Company's beginning and ending inventories for the month of November were as follows:  Madtack applies manufacturing overhead cost to jobs at the rate of 70% of direct labor cost incurred. The company does not close underapplied or overapplied manufacturing overhead to Cost of Goods Sold until the end of the year.
-Madtack Company's manufacturing overhead for November was:

Quizplus · Accepted Answer

The manufacturing overhead was overapplied by $8,000, meaning the actual overhead costs were less than the overhead costs applied to production.

Madtack Company's Beginning and Ending Inventories for the Month of November