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Calculate the predetermined overhead rate

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Reference no: EM132927220

Question - Estimated consulting overhead cost for the year $360,000

Estimated direct labor cost for the year (@ $9/hr.) 180,000

Actual manufacturing overhead cost for January 19,500

Actual direct labor cost for January (1,200 hours) 11,000

Required -

a. Calculate the predetermined overhead rate.

b. What is the journal entry that applies consulting overhead for January?

c. By what amount is consulting overhead over- or underapplied in January?

Reference no: EM132927220

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