During March 2019 Aco recorded $42,000 of costs related to factory overhead. Aco overhead application rate is based on direct labor hours.
Given:During March 2019 Aco recorded $42,000 of costs related to factory overhead. Aco overhead application
rate is based on direct labor hours. Present formula for overhead application estimated that $41,000 would be incurred and 4,000 direct labor hours would ne worked. During March 4,200 hours were actually worked.
Determine:
amount of factory overhead that was (over) or under applied