Hamilton Pty Ltd Uses a Standard Costing System for Product

question 98

Multiple Choice

Hamilton Pty Ltd uses a standard costing system for product costing. The company uses direct labour hours as the cost driver to apply overhead costs. The following amounts were budgeted for the year:
The following were the actual results:
Calculate the total amount of underapplied or overapplied manufacturing overhead.

• A) $80 000 underapplied
• B) $64 000 underapplied
• C) $50 000 overapplied
• D) $24 000 underapplied

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