The Following Information Is Available from the Terry Company The Total Under or Overapplied Overhead for Terry Company for

question 34

Multiple Choice

The following information is available from the Terry Company: $\begin{array}{lrr}\text { Actual total factory overhead cost incurred } & \$ 25,000 \\\text { Actual fixed overhead cost incurred } & \$ 10,400 \\\text { Budgeted fixed overhead expenses } & \$ 11,000 \\\text { Actual direct labor hours (DLH) worked } & 4,400 \\\text { Standard DLHs for this period's production (output) } & 4,000 \\\text { Standard variable overhead rate per DLH } & \$ 3.00 \\\text { Standard fixed overhead rate per DLH } & \$ 2.50\end{array}$ The total under or overapplied overhead for Terry Company for the period, to the nearest dollar, is:

• A) $800 overapplied.
• B) $800 underapplied.
• C) $2,600 underapplied.
• D) $3,000 overapplied.
• E) $3,000 underapplied.

---

Definitions:

Two-way Factor ANOVA

A statistical method that evaluates the effect of two independent variables on a dependent variable simultaneously, considering interactions between factors.

Cells

The basic structural, functional, and biological units of all known living organisms, serving as the building blocks of life.

Two-way Factor ANOVA

A statistical method used to determine the effect of two nominal predictor variables on a continuous outcome variable.

Replications

Multiple instances or repeats of experiments or studies to verify findings or to increase precision.