Overapplication of overhead for the period

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Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period:

Estimated annual overhead cost $1,200,000
Actual annual overhead cost $1,155,000
Estimated machine hours 400,000
Actual machine hours 380,000

a) $1,140,000 applied and $15,000 overapplied

b) $1,200,000 applied and $15,000 overapplied

c) $1,140,000 applied and $15,000 underapplied

d) $1,145,000 applied and neither under- nor overapplied

Reference no: EM13121931

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