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Walter Company Uses a Job-Order Costing System to Account for Product

Question 19

Multiple Choice

Walter Company uses a job-order costing system to account for product costs. The following information pertains to 2004: Factory overhead rate is £18 per direct labour hour.
What is the amount of under- or overapplied overhead for Walter Company in 2004?
Walter Company uses a job-order costing system to account for product costs. The following information pertains to 2004: Factory overhead rate is £18 per direct labour hour. What is the amount of under- or overapplied overhead for Walter Company in 2004? A) £40,000 underapplied B) £20,000 underapplied C) £40,000 overapplied D) £20,000 overapplied


A) £40,000 underapplied
B) £20,000 underapplied
C) £40,000 overapplied
D) £20,000 overapplied

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