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Lonestar Corporation Uses a Job-Order Costing System to Account for Product

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Lonestar Corporation uses a job-order costing system to account for product costs. The following information pertains to 2014: Lonestar Corporation uses a job-order costing system to account for product costs. The following information pertains to 2014:   Factory overhead rate is $18 per direct labor hour. What is the amount of under- or overapplied overhead for Lonestar Corporation in 2014? A)  $40,000 overapplied B)  $20,000 overapplied C)  $40,000 underapplied D)  $20,000 underapplied Factory overhead rate is $18 per direct labor hour.
What is the amount of under- or overapplied overhead for Lonestar Corporation in 2014?


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