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1. A company has the following manufacturing overhead data for the year: Budgeted manufacturing overhead costs $500,000 Budgeted direct labor hours 50,000 Actual manufacturing overhead

1. A company has the following manufacturing overhead data for the year:

Budgeted manufacturing overhead costs $500,000

Budgeted direct labor hours 50,000

Actual manufacturing overhead costs $405,000

Actual direct labor hours 45,000

A. Determine the predetermined overhead rate for the year.

B. Determine the TOTAL amount of manufacturing overhead allocated to jobs during the year using the predetermined overhead rate.

C. Determine the TOTAL amount of under or over applied manufacturing overhead for the year. Be sure to label your answer as UNDER or OVER.

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