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Compute the firm predetermined overhead rate

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Reference no: EM132453420

Problem - The following data pertain to the Aquarius Hotel Supply Company for the year just ended.

Budgeted sales revenue

$205,000

Budgeted manufacturing overhead

364,000

Budgeted machine hours (based on practical capacity)

8,000

Budgeted direct-labor hours (based on practical capacity)

20,000

Budgeted direct-labor rate per hour

14

Actual manufacturing overhead

340,000

Actual machine hours

11,000

Actual direct-labor hours

18,000

Actual direct-labor rate per hour

16

Required -

1. Compute the firm's predetermined overhead rate for the year using each of the common cost drivers.

2. Calculate the overapplied or underapplied overhead for the year using each of the cost drivers.

Reference no: EM132453420

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