If Estimated Production Overhead in the Printing Department Is $120,000

question 43

Multiple Choice

If estimated production overhead in the printing department is $120,000 and actual overhead is $116,000 and estimated machine hours in the printing department are 30,000 hours and actual machine hours are 32,000 hours, the under or over applied overhead is:

• A) $12,000 overapplied
• B) $4,000 underapplied
• C) $4,000 overapplied
• D) $8,000 underapplied

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Definitions:

Entrepreneurship

Entrepreneurship involves identifying business opportunities and willingly taking risks to start and manage a business.

Management Layers

The levels of management within an organization, from top-level executives to middle managers and then lower-level operational managers.