The budget for the month of May calls for 7,400 direct labor hours to be worked. Budget overhead is $88,000. Over head is applied based on actual hours worked.
The budget for the month of May calls for 7,400 direct labor hours to be worked. Budget overhead is $88,000.
Over head is applied based on actual hours worked. Actual hours were 7,290 and actual overhead spending was $88,000. What was the underapplied or overapplied ovrhed for the month of May.