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Audrey, Inc. produces tricycles. Overhead is applied on the basis of machine hours required. A...

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Accounting

Audrey, Inc. produces tricycles. Overhead is applied on the basis of machine hours required. A predetermined overhead rate of $18.50 per machine hour is established for 2018.

  1. If 12,000 machine hours were expected to be used during 2018, how much overhead was expected to be incurred?
  2. Actual overhead incurred during 2018 totaled $229,400, and 12,200 machine hours were actually used in 2018. Calculate the amount of over/under-applied overhead for 2018.

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