During the first two months of 2022, Wildhorse Company incurred the following direct labor costs: January $26,000 and Febri $39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and $46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550. Calculate overhead applied. January $ February Determine if manufacturing overhead is over- or underapplied for each of the two months and the respective amounts. January $ February $

During the first two months of 2022, Wildhorse Company incurred the following direct labor costs: January $26,000 and Febri $39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and $46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550. Calculate overhead applied. January $ February Determine if manufacturing overhead is over- or underapplied for each of the two months and the respective amounts. January $ February $

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Description: Do not give answer in image During the first two months of 2022, Wildhorse Company incurred the following direct labor costs: January $26,000 and February$39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated ov

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 8PB: Queen Bees Honey, Inc., estimated its annual overhead to be $110,000 and based its predetermined...

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Queen Bees Honey, Inc., estimated its annual overhead to be $110,000 and based its predetermined overhead rate on 27,500 direct labor hours. At the end of the year, actual overhead was $106,000 and the total direct labor hours were 29,000. What is the entry to dispose of the over applied or under applied overhead?
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