Determine the amount of overhead

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Reference no: EM1310875

Bubba's Crawfish Processing Company uses a traditional overhead allocation based on direct lab or hours. For the current year overhead is estimated at $2,250,000 and direct labour hours are budgeted at 415,000 hours. Actual overhead was $2,200,000 and actual overhead hours worked were 422,000.

(a) Calculate the predetermined overhead rate.

(b) Calculate the overhead applied.

(c) Determine the amount of overhead that is over or under applied.

Reference no: EM1310875

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