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Mason Company uses a job-order cost system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct-labor dollars. The rate for the current year is 200% of direct-labor dollars. This rate was calculated last December and will be used throughout the current year. Mason had one job, No. 150, in process on August 1 with raw materials costs of $2,000 and direct-labor costs of $3,000. During August, raw materials and direct labor added to jobs were as follows:
No.150 No.151 No.152
Actual manufacturing overhead for the month of August was $20,000. During the month, Mason completed Job No.150 and 151. For August, manufacturing overhead was A. Underapplied by $2,000 B. Overapplied by $4,000 C. Underapplied by $7,000 D. Underapplied by $1,000
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