Multiple Choice
Phoenix Corporation
The records of Phoenix Corporation revealed the following data for the current year.
| Work in Process | $ 73,150 |
| Finished Goods | 115,000 |
| Cost of Goods Sold | 133,650 |
| Direct Labor | 111,600 |
| Direct Material | 84,200 |
Refer to Phoenix Corporation.Assume,for this question only,actual overhead is $98,700 and applied overhead is $93,250.Manufacturing overhead is:
A) overapplied by $12,900.
B) underapplied by $18,350.
C) overapplied by $5,450.
D) underapplied by $5,450.
Correct Answer:
Verified
Correct Answer:
Verified
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