The Pembroke Pines overhead account shows $244,900 applied to jobs and $232,600 actual overhead incurred. What overhead status should be reported?
Correct Answer
B) $12,300 overapplied
Applied overhead exceeds actual overhead by $244,900 − $232,600 = $12,300, so it is overapplied. Underapplied would mean actual costs exceed applied costs. The two larger options are account totals, not the difference.
Why This Is the Correct Answer
Applied overhead exceeds actual overhead by $244,900 − $232,600 = $12,300, so it is overapplied. Underapplied would mean actual costs exceed applied costs. The two larger options are account totals, not the difference.
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