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6/newark plastics corporation developed its overhead application rate from the annual budget the budget is based on the expected total output of 720000 units requiring
6/newark plastics corporation developed its overhead application rate from the annual budget the budget is based on the expected total output of 720000 units requiring 3600000 machine hours. the company is able to schedule production uniformly throughout the year. a total of 66000 units requiring 315000 machine hours were produced during may, actual overhead costs for may amounted to $375000 the actual costs as compared to the annual budget and to one-twelfth of the annual budget are as follow: actual
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