Question

Loveland Company applies overhead on the basis of machine hours. Given the following data, compute the amount of overhead applied for the period. Estimated annual overhead cost $800,000 Actual annual overhead cost $787,500 Estimated machine hours 400,000 Actual machine hours 390,000

Answer 1

compute the amount of overhead applied for the period.

$780000

Step-by-step explanation:

Estimated annual overhead cost_800000

Actual annual overhead cost ___787500

Estimated machine hours_____ 400000

Actual machine hours________ 390000

800000

400000

Overhead rate 2

Actual machine hours 390000

Applied 780000

Undearpplied 7500