Compute the company predetermined overhead rate for the year

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Logan Products computes its predetermined overhead rate annually on the basis of machine-hours. At the beginning of the year. it estimated that its total manufacturing overhead would be $353500 and machines would be run a total of 25.000 hours. Its actual total manufacturing overhead for the year was $346,400 and its actual total machine-hours was 24,500 hours.

Required:

problem 1: Compute the company's predetermined overhead rate for the year. calculate the total overhead applied, and determine the amount of under- or overapplied overhead in the year.

Reference no: EM132796677

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