By what amount was manufacturing overhead overapplied

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Reference no: EM134008044

Problem

Celestial Inc. applies manufacturing overhead costs on the basis of machine hours. The following information is summarized after the results for January were determined. Get the instant assignment help.

Total budgeted manufacturing overhead for the year $960,000
Total budgeted machine hours for the year 19,200
Total actual manufacturing overhead for January $72,000
Total actual machine hours for January 1,400
Total budgeted machine hours for January 1,600

By what amount was manufacturing overhead overapplied or underapplied for the month of January?

Reference no: EM134008044

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