Winston Company estimates that the factory overhead for the following year will be $938,600. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 36,100 hours. The total machine hours for the year were 54,100. The actual factory overhead for the year was $1,398,000.
a. Determine the total factory overhead amount applied.
b. Calculate the over or under the applied amount for the year.
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Home » Business » Winston Company estimates that the factory overhead for the following year will be $938,600. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 36,100 hours.