At the beginning of the year, Kyla Inc. estimated that overhead would be $880,00

Question

At the beginning of the year, Kyla Inc. estimated that overhead would be $880,000 and direct labor hours would be 220,000. At the end of the year, actual overhead was $920,600 and there were actually 230,000 direct labor hours.
What is the overhead variance? A. $600 underapplied B. $400 overapplied C. $600 overapplied D. $200 underapplied A. $600 underapplied B. $400 overapplied C. $600 overapplied D. $200 underapplied A. $600 underapplied B. $400 overapplied C. $600 overapplied D. $200 underapplied

Explanation / Answer

overhead variance = 920600 - 230000*880000/220000 = $ 600

C. $600 overapplied

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