Reference no: EM13749945
Mosso Company applies manufacturing overhead to production using a predetermined overhead based on machine hours each quarter. Because demand for the company's product has been soft, planned production level for the most recent quarter was significantly below the company's capacity. Since manufacturing overhead for company is entirely fixed, the controller is concerned that this has distorted applied overhead and cost per unit. Below are data for the quarter:
Machine Hours Estimated At Beginning Of Quarter: 81,000
Machine Hours Capacity: 85,000
Actual Machine Hours At End of Quarter: 80,400
Total Manufacturing Overhead Estimated at Beginning Of Quarter: 688,500
Total Manufacturing Overhead at Capacity: 688,500
Actual Total Manufacturing Overhead at End of Quarter: 685,008
Question: If the company bases its predetermined overhead rate on capacity, by how much was manufacturing overhead under applied or over applied?
A) Under applied by $1,608 B) Under applied By $33,768 C) Over applied by $3,492 D) Over applied by $1,608 E) Over applied by $33,768 F) Under applied by $3,492
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