The Following Information Was Taken from the Cost Records of the Krameer

question 90

Multiple Choice

The following information was taken from the cost records of the Krameer Company: $\begin{array}{lr}\text { Estimated overhead } & \$ 180,000 \\\text { Actual overhead } & \$ 178,000 \\\text { Estimated direct labor hours } & 24,000 \\\text { Actual direct labor hours } & 25,000 \\\end{array}$

If overhead is applied based on direct labor hours,the company's overapplied or underapplied overhead was

• A) $2,000 overapplied.
• B) $2,000 underapplied.
• C) $9,500 overapplied.
• D) $9,500 underapplied.

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Definitions:

Context

The circumstances, conditions, or background that provides the necessary environment for an event or idea to be fully understood and assessed.

Diagnostic Tests

Procedures or assessments used to identify the presence of a disease, condition, or psychological state based on specific criteria or markers.

Positron Emission Tomography

A medical imaging technique that uses radioactive tracers to visualize and measure changes in metabolic processes in the body.

Isotopes

Variants of a particular chemical element which differ in neutron number, and consequently in nucleon number.