Purchase Solution

Over or under applied overhead

Not what you're looking for?

Ask Custom Question

See attached file for full problem description.

The following calendar year information about the Tahoma Corporation is available on December 31:

The company applies overhead on the basis of 125% of direct labor costs. Calculate the amount of over- or underapplied overhead.

Attachments
Purchase this Solution
Solution Summary

The solution explains how to calculate the amount of under or over-applied overhead

Solution Preview

Over or under applied overhead is the difference between the actual overhead and the applied overhead. We first calculate ...

Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

View More Free Quizzes
Related BrainMass Solutions

  • Computing an Overhead Rate

    year 317,200 (130,000*$2.44) Under/(over) applied overhead $ 4,800 (c) Prepare the adjusting entry to assign the under- or over applied overhead for the year to cost of goods sold.

  • Predetermined overhead rate: Over-applied or under-applied

    By how much was overhead over- or under-applied for the year? Answer Attached. The expert examines predetermined overhead rate for over-applied or under-applied.

  • Product Costing-Manufacturing Overhead- over/underapplied

    B) Actual manufacturing overhead costs incurred during November totaled $166,425. Calculate the amount over or under applied for November. C) Identify two possible explanations for the over or under applied overhead.

  • Variance and overhead

    production volume variance and under or over applied overhead

  • Standard Costing System

    , over or under applied variable overhead, over or under applied fixed overhead.

  • Differences between applied overhead versus actual overhead

    The actual overhead cost may be more or less than the amount of overhead cost applied to production or service. Such difference is referred to as under or over absorption of overhead. The predetermined overhead rate is calculated as follows.

  • Finding the Adjusted Cost of Goods Sold

    Predetermined overhead * Actual direct-labor hours Overhead applied = $17.25 * 34,000 Overhead applied = $586,500 We can now find if overhead was over- or under-applied: Over/(under) applied overhead = Overhead applied

  • Factory Overhead, Actual Costs and Normal Costs

    Was factory overhead over applied or under applied during the year, and why? What was the amount of over or under applied overhead? What was Jo's actual cost of goods sold?

  • Corporation Overhead Application

    Actual machine hours worked totaled 51,500, and XYZ adjusts under- or over applied overhead at year-end to Cost of Goods Sold. Required: A. Determine the company's predetermined overhead application rate. B.

  • Calculation of Underapplied or Overapplied Overhead

    Identify the amount of under- or over applied overhead, and indicate whether the cost of goods sold account should be increased or decreased to reflect actual overhead costs.

View More Related Solutions