ABC Company Listed the Following Data for the Current Year

question 12

Multiple Choice

ABC Company listed the following data for the current year: $\begin{array}{lr}\text { Budgeted factory overhead } & \$ 1,044,000 \\\text { Budgeted direct labor hours } & 69,600 \\\text { Budgeted machine hours } & 24,000 \\\text { Actual factory overhead } & 1,037,400 \\\text { Actual labor hours } & 72,600 \\\text { Actual machine hours } & 23,600\end{array}$ If overhead is applied based on machine hours, the overapplied/underapplied overhead is:

• A)$15,300 underapplied.
• B)$15,300 overapplied.
• C)$10,800 underapplied.
• D)$10,800 overapplied.
• E)$-0-.

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Definitions:

Remanded

When an appellate court sends a case back to a lower court for further proceedings or a new trial, usually with specific instructions.

Reversed

When a decision or process is turned in the opposite direction or changed to the opposite status.

Affirmed

A legal term indicating that a decision made by a lower court has been upheld by an appellate court.

Defendant's Assets

The property or holdings of an individual or entity being sued, which may be subject to claims or settlement in a lawsuit.