Multiple Choice
Figure 4-6
The Fast & Furious Company produces two products: toy planes and toy race cars. They use departmental overhead rates for the two production departments: molding and finishing. Molding uses machine hours to assign overhead and Finishing uses direct labor hours. 50,000 planes and 250,000 race cars are produced. Please find the following data:
-Refer to Figure 4-6. How much was overhead over or underapplied?
A) $14,250
B) $10,000
C) $ 4,250
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
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