Kubal Inc. applies overhead based on machine hours. Kubal reports the following for the year just ended: Budgeted overhead for the year $250,000 Budgeted machine hours 2,000 Actual overhead for the year

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asked Mar 28, 2021 35.7k views

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Kubal Inc. applies overhead based on machine hours. Kubal reports the following for the year just ended:

Budgeted overhead for the year $250,000
Budgeted machine hours 2,000
Actual overhead for the year $275,000
Actual machine hours 2,400

What is the amount of over- or under-applied overhead for the year?