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8 November, 11:00

Tier, Inc. had actual manufacturing overhead costs of $1,210,000 and a predetermined overhead rate of $4.00 per machine hour. Tiger, Inc. worked 290,000 machine hours during the period. Tiger's manufacturing overhead is:a. $50,000 overappliedb. $50,000 underappliedc. $60,000 overappliedd. $60,000 underapplied

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  1. 8 November, 14:59
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    The correct answer is B: $50000 underapplied

    Explanation:

    Giving the following information:

    Tier, Inc. had actual manufacturing overhead costs of $1,210,000 and a predetermined overhead rate of $4.00 per machine hour. Tiger, Inc. worked 290,000 machine hours during the period.

    The manufacturing overhead applied is = 4*290000=$1,160,000

    Actual overhead = $1,210,000

    Variance = 1,210,000 - 1,160,000 = 50000 underapplied

    It was underapplied because it incurred in higher manufacturing overhead costs.
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Home » Business » Tier, Inc. had actual manufacturing overhead costs of $1,210,000 and a predetermined overhead rate of $4.00 per machine hour. Tiger, Inc. worked 290,000 machine hours during the period. Tiger's manufacturing overhead is:a. $50,000 overappliedb.
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