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u.lUm/webapps/assessment/take/launch.jsp?course DNSI Group INSI Insur wu.tON t id 581347 18icourse/id/207682 7&content id: 10399957 18 Home D GOOGLEm Google Maps Boomaasinibpr ox Google Translate D Artefacto Homepag Remaining Time: 1 hour, 18 minutes, 06 seconds. Question Completion Status: QUESTION 22 Lavender Company has decided to use a predetermined rate to assign factory overhead to produstion. The followving predictions have been made for 2018: Total factory overhead costs Direct labor hours Direct labor costs Machine hours $150,000 40,000 houry $200,000 60,000 hours Required a. Compute the predetermined factory overhead rate under three different bases: (1) direct labor hours, (2) direct labor costs, and (3) machine hours Assume that actual factory overhead was $152.500 and that Lavender elected to apply factory overhead to Work in Process based on direct labor bours. If actual direct labor was 42,000 b. hours for 2018, was factory overhead overapplied or underapplied? By how much? Lavender Company follows the policy of writing otf any under or overapplied factory overhead balance to Cost of Goods Sold at the end of the year. Make the entry necessary at the c. end of 2018 to dispose of the factory overhead balance determined in Part (b) For the toolbar, press ALT-FIO (PO or ALT FN+F10 (Mac)