Explanation of predetermined overhead rate

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Reference no: EM1349341

Williams Inc. estimated overhead to be $440000 and direct labor hours to be 100,000 for the year. Actual direct labor ended up being 120,000. Actual overhead for the year amounted for $500,000.

What is the predetermined overhead rate?

What is the applied overhead for the year?

What is the amount of under-or over-applied overhead at the end of the year?

Reference no: EM1349341

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