1. During 2016, Crema Manufacturing expected Job 59 to cost $300,000 of overhead, $500,000 of material, and $200,000 in labour. Crema applied overhead based on direct labour cost. Actual production required an overhead cost of $280,000; $550,000 in materials used; and $220,000 in labour. All of the goods were completed. How much is the amount of over- or under-applied overhead?

1. During 2016, Crema Manufacturing expected Job 59 to cost $300,000 of overhead, $500,000 of material, and $200,000 in labour. Crema applied overhead based on direct labour cost. Actual production required an overhead cost of $280,000; $550,000 in materials used; and $220,000 in labour. All of the goods were completed. How much is the amount of over- or under-applied overhead?

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Description: Please do not give solution in image format thanku 1. During 2016, Crema Manufacturingexpected Job 59 to cost $300,000of overhead, $500,000 of material,and $200,000 in labour. Cremaapplied overhead based on directlabour cost. Actual productionrequire

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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