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What the amount of actual overhead would have been

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Reference no: EM132783839

Problem 1: All of the following would be classified as product costs except:

A. Property taxes on production equipment

B. Insurance on factory machinery

C. Salaries of the advertising staff

D. Wages of machine operators

Problem 2: McDonnell Industries estimated manufacturing overhead for the year at $290,000. Manufacturing overhead for the year was underapplied by $12,000. The company applied $235,000 to Work in Process. The amount of actual overhead would have been:

A. $247,000.

B. $278,000.

C. $223,000.

D. None of these.

Reference no: EM132783839

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