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.

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Definitions:

Data Set

A collection of related data points or information, organized in a structured manner, used for analysis or computation.

Classes

Categories or groups into which data or objects are organized based on shared characteristics or properties.

Cumulative Frequency Distribution

A tabular summary of quantitative data showing the number of data values that are less than or equal to the upper class limit of each class.

Relative Frequency

The proportion of occurrences of a specific event compared to the overall amount of attempts or observations.