Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct tabor hours to assign manufoctuiting ovethead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct fabor hours, and machine hours for the most recent fiscal year are summarized here: 1. Based on the company's current allocation base (direct labor hours), compute the following: 0. Predetermlned overhead rate. Note: Round your onswer to 2 decimal ploces. b. Applied manufacturing overhead. Note: Round your intermediote calculations to 2 decimal ploces and final answer to the nearest whole dolior amount. c. Over or underapplied manufacturing ovethead. Note: Round your intermediote calculotions to 2 decimal ploces and final onswer to the nearest whole dollor amount. 2. If the company had used direct labor dollars (instead of direct labor hours) as its allocation base, compute the following: 0. Predetermined overhead rate. Note: Round your onswer to 2 decimnl places, i.e. 3.63% b. Applied manufacturing overhesd. Note: Round your intermedinte calculations to 2 decimal places and final answer to the nearest whole dollor amount. c. Over or underapplied manufacturing overhead. Note: Round your intermedinte calculations to 2 decimal ploces and final answer to the nearest whole dollar amount. 3. It the company had used machine houis (instead of direct labot hours) as its allocation base, compute the following: n. Predetermined ovethoad rate. Note: Round your onswer to 2 decimal ploces. 2. If the company had used direct labor dollars (instead of direct labor hours) as its allocation base, compute the following: a. Predetermined overhead rate. Note: Round your answer to 2 decimal places, i.e. 3.63% b. Appled manufacturing overhead Note: Round your intermediate calculotions to 2 decimal places ond final answer to the nearest whole dollar amount. c. Over-or underapplled manufacturing overhead. Note: Round your intermediate calculotions to 2 decimal ploces and final answer to the nearest whole dollor amount. 3. If the company had used machine hours (instead of direct labor hours) as its allocation base. compute the following: o. Predetermined overhead rate. Note: Round your answer to 2 decimal places. b. Applied manufactuaing overhead. Note: Round your intermediate colculations to 2 decimal places ond final answer to the nearest whole dollor amount. c. Over or underappled manufacturing overhead. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest whole doliar amount. 4. Based on last year's data alone; which allocation base would have provided the most accurate measure for applying manufacturing overhead costs to production
