Over-or under applied overhead, Accounting Basics

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Over-or under applied overhead

Schlamber Company Factory overhead rate is Rs.2 per hour. Budgeted overhead for 3,000 hours per month is Rs. 8,000 and 7,000 hours is Rs. 12,000. Actual factory overhead for the month was Rs.9, 000 and actual volume was 5,000 hours.

Required:

1. Applied overhead

2. Over-or under applied overhead.

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Accounting Basics: Over-or under applied overhead

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Accounting Basics: Over-or under applied overhead

Reference No:- TGS0555738

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What financial ratio is most affected by the action

Q : Compute cost of goods sold

Q : What is the net amount of accounts receivable

Q : Prepare the entries on the appropriate dates to record

Q : Over-or under applied overhead

Q : What amount will be in the fund

Q : Compute the quantity schedule

Q : The real risk-free rate

Q : Main objective of association

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Over-or under applied overhead

Reference No:- TGS0555738

Recent Questions Asked Accounting Basics

Q : What financial ratio is most affected by the action

Q : Compute cost of goods sold

Q : What is the net amount of accounts receivable

Q : Prepare the entries on the appropriate dates to record

Q : Over-or under applied overhead

Q : What amount will be in the fund

Q : Compute the quantity schedule

Q : The real risk-free rate

Q : Main objective of association

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