Kingsway Company had the following information available for the past quarter: Budgeted factory overhead costs...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Kingsway Company had the following information available for the past quarter:
Budgeted factory overhead costs $75,000
Actual factory overhead costs $80,000
Budgeted direct labor hours 20,000
Actual direct labor hours 21,000
Assume the cost driver for factory overhead costs is direct labor hours and a job uses 2,000 direct labor hours. The job was budgeted to use 2,100 direct labor hours. What amount of factory overhead is applied to the job?
A) $7,140
B) $7,500
C) $7,875
D) $8,000
Show all work
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
