university of southern california Operations And Supply Chain Management Assignment Help - Madison Company

Question - During 2011, Madison Company applied overhead using a job-order costing system at a rate of $12
per direct labor hours. Estimated direct labor hours for the year were 150,000, and estimated
overhead for the year was $1,800,000. Actual direct labor hours for 2011 were 140,000 and actual
overhead was $1,670,000. What is the amount of under or over applied overhead for the year?
(Points: 4) $10,000 underapplied $10,000 overapplied $130,000 underapplied $130,000 overapplied

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