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Calculate the predetermined overhead rate for han

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Reference no: EM132990901

At the beginning of the year, Han Company estimated the following:

Overhead $240,000

Direct labor hours 80,000

Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,150. By the end of the year, Han showed the following actual amounts:

Overhead $246,000

Direct labor hours 79,600

Assume that unadjusted Cost of Goods Sold for Han was $336,000.

Question 1. Calculate the predetermined overhead rate for Han.

Question 2. Calculate the overhead applied to production in January.

Question 3. Calculate the total applied overhead for the year. Was overhead over- or under applied? By how much?

Question 4. Calculate adjusted Cost of Goods Sold after adjusting for the overhead variance.

Reference no: EM132990901

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