Scottso Corporation Applies Overhead Using an Actual Costing Approach

question 18

Multiple Choice

Scottso Corporation applies overhead using an actual costing approach.Budgeted factory overhead was $266,400,budgeted machine-hours were 18,500.Actual factory overhead was $287,920,actual machine-hours were 19,050.How much is the over- or underapplied overhead?

• A)$21,520 underapplied
• B)$13,600 underapplied
• C)$7,920 overapplied
• D)$0

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Definitions:

Pituitary Gland Hormones

Hormones secreted by the pituitary gland, an endocrine gland at the base of the brain, affecting various bodily functions.

Bloodstream

The system of blood vessels within the body through which blood flows, delivering oxygen and nutrients to organs and tissues.

Axons

Long, slender projections of nerve cells, or neurons, which are responsible for transmitting electrical impulses away from the neuron's cell body.

Ecdysone

A hormone involved in the molting process of insects, driving the shedding of the old exoskeleton and the development of a new one.