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Service as Per Specifications from Electric Company Overhead Form

Service as Per Specifications from Electric Company Overhead Form

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hello and welcome to another TLC tutoring company accounting lesson I'm in this video we're going to be going over how to determine predetermined overhead rates applying factory overhead and then determining if it's over applied or under applied so we have a problem here XYZ manufacturing estimates that their overhead for the period will be 1 million dollars the company uses direct labor-hours as a basis of applying overhead and estimates that it will use 20,000 direct labor hours during the period at the end of the period it is found that the company actually used 20,000 100 direct labor hours during the period and that the actual factory overhead costs were 1 million ten thousand so they want us to find a the factory overhead rate be the applied factory overhead for the period and see whether that overhead had been over applied or under applied so the first thing that we need to find a the factory overhead rate uses a formula and on one thing that you should r

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