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Compute the estimated overhead allocation rate to be used

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Reference no: EM132658905

The Sweet Company sells batches of custom-made futons to customers and uses predetermined rates for ?xed overhead, based on machine hours. The following data are available for last year:

Budgeted and actual ?xed factory overhead cost $ 145,600

Budgeted machine hours 91,000

Actual machine hours used 100,100

Job 20 10,100

Job 21 16,300

Job 22 13,600

Job 23 9,100

Question 1: Compute the estimated overhead allocation rate to be used for the year.

Question 2: Determine the overhead to be allocated to Job 21.

Question 3: Determine total overapplied or underapplied overhead at the end of the year.

Reference no: EM132658905

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