The overhead budget, based on a budgeted volume of 100 000 direct labour hours, was $325 000. Actual overhead costs amounted to $340 000 and actual direct labour hours were 106 000. By how much was overhead under or overapplied?
A) $4 500 overapplied
B) $4 500 underapplied
C) $15 000 overapplied
D) $15 000 underapplied
Correct Answer:
Verified
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