Jackson Inc. listed the following data for 2019: $1,505,000 Budgeted factory overhead Budgeted direct labor hours ৪6,000 Budgeted machine hours Actual factory overhead Actual direct labor hours 43,000 1,402,000 88,300 Actual machine hours 41,400 If overhead is applied based on machine hours, the overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice $49,059 overapplied. $47.000 underapplied. S-0-. $47,000 overapplied. $49,059 underapplied.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...
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Jackson Inc. listed the following data for 2019:
Budgeted factory overhead
Budgeted direct labor hours
Budgeted machine hours
$1,505,000
৪6,000
43,000
Actual factory overhead
Actual direct labor hours
1,402,000
৪৪,300
41,400
Actual machine hours
If overhead is applied based on machine hours, the overapplied/underapplied overhead is (round calculations to 2 significant
digits):
Multiple Choice
$49,059 overapplied.
$47000 underapplied.
O s-0-
$47000 overapplied.
$49.059 underapplied.
Transcribed Image Text:Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours $1,505,000 ৪6,000 43,000 Actual factory overhead Actual direct labor hours 1,402,000 ৪৪,300 41,400 Actual machine hours If overhead is applied based on machine hours, the overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice $49,059 overapplied. $47000 underapplied. O s-0- $47000 overapplied. $49.059 underapplied.
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