Business, 20.09.2020 14:01, journeywalker19

During its most recent period, Raymond Manufacturing expected Job No. 59 to cost $600,000 of overhead, $1,000,000 of materials, and $400,000 in labor. Raymond applied overhead based on direct labor cost. Actual production required an overhead cost of $590,000, $1,140,000 in materials used, and $440,000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?

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During its most recent period, Raymond Manufacturing expected Job No. 59 to cost $600,000 of overhea...