Question - Jayson Decorating uses a job order costing system to collect the costs of its luxury cruse liner business. Each client's job is unique. Overhead is applied to each job based on the number of man hours incurred. Listed below are data for the current year.
Budgeted overhead $840,000
Actual overhead $870,000
Budgeted man hours 40,000
Actual man hours 38,000
What is the amount of overhead applied?