Multiple Choice
The Magnanimous Company uses a predetermined overhead rate of $12 per direct labor hour to apply overhead. During the year, 30,000 direct labor hours were worked. Actual overhead costs for the year were $320,000. The overhead variance is
A) $40,000 underapplied.
B) $35,560 underapplied.
C) $36,000 overapplied.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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