Multiple Choice
Wilson Enterprises applies overhead based on direct labor cost. The company estimates that their overhead for the year will be $240,000, and direct labor cost to be $300,000. Actual direct labor cost for Martinez Manufacturing was $316,000 and actual overhead costs were $254,000. At the end of the year, manufacturing overhead was:
A) Overapplied by $1,400.
B) Underapplied by $1,400.
C) Overapplied by $1,200.
D) Underapplied by $1,200.
Correct Answer:
Verified
Correct Answer:
Verified
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