If a company incurred $5,250 in actual overhead costs and allocated $5,575 to jobs, was the overhead over-allocated or under-allocated? By how much?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 3EB: A company estimated 50,000 direct labor hours and $450,000 in overhead. The actual overhead was...
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If a company incurred $5,250 in actual overhead costs and allocated $5,575 to jobs, was the overhead over-allocated or under-allocated? By how much?

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