Northface Company Applies Overhead Based Upon Labor-Hours

question 81

Essay

Northface Company applies overhead based upon labor-hours. Budgeted factory overhead was $910,000 and budgeted labor-hours were 32,500. Actual factory overhead was $893,675 and actual labor-hours were 31,560.
Required:
a. Compute the overhead application rate.
b. Compute the amount of overhead applied to production.
c. Determine the amount of over- or underapplied overhead.

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Definitions:

ATP Channel Protein

A type of membrane protein that allows ATP molecules to move across cell membranes, often involved in cellular energy management.

Mitochondrial Matrix

The innermost compartment of mitochondria, enclosed by the inner membrane, containing enzymes for the citric acid cycle and DNA.

NADH

Nicotinamide adenine dinucleotide (NADH) is the reduced form of NAD+, an important coenzyme in cellular respiration, acting as an electron carrier.

Hydrogen Ions

Positively charged ions (H+) that are formed when hydrogen atoms lose or gain an electron and are central to acid-base chemistry.