Lopar Company uses a predetermined overhead rate based on direct labor dollars. Lopar Company estimated that its 2010 overhead would total $938,000 and that 2010 direct labor costs would be $670,000 . During 2010, actual overhead costs were $960,000, and actual direct labor costs were $700,000 . By how much was Lopar's overhead over- or underapplied?
a. $20,000 overapplied
b. $20,000 underapplied
c. $18,000 overapplied
d. $10,000 underapplied
A
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When using the indirect method for preparing the statement of cash flows, all of the following will appear in the operating activities section except:
a. Increase in deferred tax. b. Depreciation expense on leased assets. c. Interest expense. d. An increase in long-term liabilities.
Thomas Company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased. Information for raw materials for Product RBI for the month of October follows: Standard unit price $1.75 Actual purchase price per unit $1.65 Actual quantity purchased 4,000 units Actual quantity used 3,900 units Standard quantity allowed for actual production
3,800 units What is the entry to record the purchase of materials? a. Materials 6,600 Material purchase price variance 400 Accounts payable 7,000 b. Materials 7,000 Material purchase price variance 400 Accounts payable 6,600 . c. Materials 6,600 Accounts payable 6,600 d. Materials 6,600 Material purchase price variance 330 Accounts payable 6,270
Joelle bought a new Coach purse for herself as a birthday present. She had never spent that much on a purse, but decided it was worth it because it was so elegant. This demonstrates how a customer's perception of ________ can influence buying behavior.
A. utility B. competition C. exchange D. value E. place
A ________ is a mark or symbol used to identify goods of a particular manufacturer or merchant
A. certification mark B. true trademark C. watermark D. copyright