Question
1. A company estimated 138,876 direct labor hours and $648,891 in overhead. The actual overhead was $769,849, and there were 128,495 direct labor hours. What
1. A company estimated 138,876 direct labor hours and $648,891 in overhead. The actual overhead was $769,849, and there were 128,495 direct labor hours. What is the total applied overhead? Round to the nearest penny, two decimal places.
2. A company estimated 100,683 direct labor hours and $850,556 in overhead. The actual overhead was $837,039, and there were 103,106 direct labor hours. How much is overhead under- or over- applied? Round to the nearest penny, two decimal places. Enter an overapplied overhead as a negative amount. For example, if it is overapplied by 500.00, the input would be -500.00 do not use parenthesis.
3. Cozy, Inc., manufactures small and large blankets. It estimates $311,090 in overhead during the manufacturing of 60,165 small blankets and 51,260 large blankets. What is the predetermined overhead rate per machine hour if a small blanket takes 1 machine hour and a large blanket takes 2 machine hours? Round to the nearest penny, two decimal places.
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