Answers
Applied overhead = Predetermined overhead rate 
Actual machine hours
Applied overhead = $ 125 2400 = $ 300,000
Applied overhead is greater than Actual overhead therefore the variance is over-applied.
Variance = Applied overhead - Actual overhead = $ 300,000 - $ 275,000 = $ 25,000
What is the amount of over-or under-applied overhead for the year?
| $25,000 | Over-applied |
Budgeted overhead for the year Budgeted machine hours Predetermined overhead rate =
$250,000 $125 Predetermined overhead rate 2000
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