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What is amount of under or over applied overhead for year

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Reference no: EM13513770

During 2011, Madison Company applied overhead using a job-order costing system at a rate of $12 per direct labor hours. Estimated direct labor hours for the year were 150,000, and estimated overhead for the year was $1,800,000. Actual direct labor hours for 2011 were 140,000 and actual overhead was $1,670,000. What is the amount of under or over applied overhead for the year?  $10,000 underapplied $10,000 overapplied $130,000 underapplied $130,000 overapplied.

Reference no: EM13513770

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