Determine over or under applied overhead from

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Reference no: EM1311600

Determine over or under applied overhead from the facts given.

The following information was extracted from the accounting records of Bowater Company:

Estimated manufacturing overhead

$260,000

Estimated machine hours

7,500

Actual machine hours worked

8,000

Actual overhead costs incurred:

Indirect materials

$97,500

Indirect labor

$60,000

Utilities

$10,000

Insurance

$25,000

Rent

$70,000

Bowater's amount of overapplied or underapplied overhead would be (round the rate to two decimal places)

a$18,750 underapplied
b$16,250 overapplied
c. $14,860 overapplied
d. $2,500 underapplied

Reference no: EM1311600

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