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Compute the predetermined overhead rate for the year

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Question - Mosbach Corporation has a standard cost system In which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period, Data concerning the most recent year are as follows:

Variable overhead cost per direct labor-hour $3.50

Total fixed overhead cost per year $600,000

Budgeted standard direct labor-hours (denominator level of activity) 80,000

Actual direct labor-hours 84,000

Standard direct labor-hours allowed for the actual output 82,000

Required -

1. Compute the predetermined overhead rate for the year.

2. Determine the amount of overhead that would be applied to the output of the period.

Reference no: EM132550239

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