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Compute the firm predetermined overhead rate for the year

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Reference no: EM132631864

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

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

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

 

Reference no: EM132631864

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