10. Schneider Inc. had the following information relating to 2018: Budgeted factory overhead Actual factory overhead Applied factory overhead Estimated labor hours P 74,800 P 78,300 P 76,500 44,000 If Schneider decides to use the actual results from 2018 to determine the 2019 overhead rate, what will the 2019 overhead rate be? a. P1.650 b. P1.700 C. P1.738 d. P1.740 11. The XYZ Company uses a predetermined overhead rate. XYZ prepared the following budget at the beginning of the year: Direct labor cost Factory overhead Direct labor hours P 12,000 P 25,000 9,000 Machine hours 1,500 During the month of January, the cost sheet for order number 100 indicates P20 of raw materials, P50 of direct labor, 10 hours of direct labor and 5 machine hours. Order no. 100 consists of 49 units of product. XYZ applies overhead based on direct labor cost. What amount of overhead should be applied to order no. 100? a. P50.00 b. P104.17 C. P20.00 d. P87.62