Multiple Choice
Tulip uses a job costing system that allocates overhead as a percentage of direct labour costs. The budget for this year was; direct materials $60,000, direct labour $30,000, overhead $45,000. The actual costs for this year were; direct materials $50,000, direct labour $35,000, overhead $45,000. How much overhead was over/under allocated?
A) $0
B) $150 overallocated
C) $21,550 underallocated
D) $7,500 overallocated
Correct Answer:
Verified
Correct Answer:
Verified
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