Question & Answer: Determine missing amounts to complete the following table:…..

M2-7 Determining Missing Amounts [LO 2-5] Determine missing amounts to complete the following table: Case Actual MOH Applied MOH Over/Underapplied Amount $ 103,500$112,000 86,000 Overapplied 1,700 271,800 Underapplied 21,000 148,000 138,500

Determine missing amounts to complete the following table:

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Case Actual MOH Applied MOH Over/Under applied Amount
A $103,500 $112,000 Over applied $8,500
B $86,000 $87,700 Overapplied $1,700
C $292,800 $271,800 Underapplied $21,000
D $148,000 $138,500 Underapplied $9,500

*If the actual overheads fall short of the amount applied,there is said to be an over application(absorption) of overheads, and conversely, if the actual expenses exceed the amount applied to production, it is a case of under absorption.

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