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9 Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the
9 Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,100. Estimated direct labor cost was $483.120 for 19,800 hours. Actual costs for the most recent month are summarized here: Item Description 0148.09 Direct labor (1,980 hours) Indirect ensts Indirect labor Indirect materials Factory rent Factory upervision Factory depreciation ces Total Cost $48,313 2,400 3,310 3,200 4,890 5,700 1,260 1,700 4,210 5,470 Factory janitorial work Factory insurance General and administrative salaries Selling expenses Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 Required 4 Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.)
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