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What is the amount of over- or under applied overhead

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Question - Estimated data for Lorien Company for year 1 are as follows:

Direct materials to be purchased- $35,000

Indirect labor- 10,000

Wages of janitors in corporate office building 47,000

Factory building rent- 60,000

Depreciation on production equipment- 20,000

Administrative office supplies- 25,000

Estimated direct labor hours: 40,000 hours. Actual data for Year 1 are as follows:

-Total manufacturing overhead $110,000

-Direct labor hours 35,000 hours

The predetermined manufacturing overhead rate is determined on the basis of direct labor hours. What is the amount of over- or under applied overhead for Lorien Company for Year 1?

Reference no: EM131649929

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