Description of this paper

Kimble Company applies overhead on the basis of ma...

Description

Solution


Question

Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period: Estimated annual overhead cost $1,200,000 Actual annual overhead cost $1,155,000 Estimated machine hours 400,000 Actual machine hours 380,000 a. $1,140,000 applied and $15,000 overapplied b. $1,200,000 applied and $15,000 overapplied c. $1,140,000 applied and $15,000 underapplied d. $1,145,000 applied and neither under- nor overapplied

 

Paper#11226 | Written in 18-Jul-2015

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