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The Following Information Was Gathered for Gophers Company Assume the Cost Driver Is Direct- Labor Hours

question 81

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The following information was gathered for Gophers Company:  Budgeted direct-labor hours 8,000 Actual dir ect-lab or hours 8,100 Bud geted factory overhead $224,000 Actual factory overhead $224,970\begin{array}{ll}\text { Budgeted direct-labor hours } & 8,000 \\\text { Actual dir ect-lab or hours } & 8,100 \\\text { Bud geted factory overhead } & \$ 224,000 \\\text { Actual factory overhead } & \$ 224,970\end{array} Assume the cost driver is direct- labor hours. The amount of over/underapplied overhead is:


Definitions:

Equity

The amount of a home that an owner actually owns.

Loan Balance

The amount of money that remains to be paid on a loan, excluding interest or fees that may accumulate.

Sales Tax

A percentage paid to the government of sales on products or services.

Square Foot

A unit of area measurement equal to a square measuring one foot on each side.

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