Meger Manufacturing uses the direct labor cost method for applying factory overhead to production. The budgeted direct labor cost and factory overhead for the previous fiscal year were $1,000,00 . and $800,000 . respectively. Actual direct labor cost and factory overhead were $1,100,00 . and $825,000 . respectively. What is the amount of under- or overapplied factory overhead?
a. $25,00 . overapplied
b. $55,00 . overapplied
c. $80,00 . overapplied
d. $50,00 . underapplied
b
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