Jerome company applies overhead using a predetermined rate

Reference no: EM13595825

Jerome company applies overhead using a predetermined rate based on a direct material cost. For 2007, estimated material cost $20,000,000 and estimated overhead was $8,000,000. At the end of 20007, the actual material cost was $19,000,000 and the actual overhead cost was $7,900,000. What is the amount of under or over applied overhead for 20002?

Reference no: EM13595825

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