Reyes Corporation Applies Overhead Using a Normal Costing Approach Based

question 82

Multiple Choice

Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, budgeted machine-hours were 18,500. Actual factory overhead was $287,920, actual machine-hours were 19,050.
- How much is the over- or underapplied overhead?

• A) $21,520 underapplied.
• B) $13,600 underapplied.
• C) $7,920 overapplied.
• D) $0.

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Definitions:

Party Polarization

The divergence of political attitudes to ideological extremes, leading to a significant divide between political parties, often resulting in gridlock.

Government

An organization or system through which a community, state, or nation is governed, including the making and enforcement of laws, and the administration of public policy.

Politics

The activities, actions, and policies used to gain and hold power in government or to influence the government's decisions and actions.

Dealignment Theory

The theory that suggests a decline in the political influence of pre-existing social groups and the rise of individual voter choice.