At the end of the construction year for his business, Taylor's uncle Gary ts having trocble dealing with the compary's indirect costs as there are lust so many of them' To help his uncke (and because he hopes to takrover the family business che day). Taylor listed a few examples of what he thought would be indirect costs for this company elue nails, staples, dirwall compound, and tape Gary then added supervisor costs, as well as depreciation of the construction trucks, generators. saws, and other equipment, to the list. Unforturately, the total of these MOH costs. $550,000, aignificant ly exces ded Gary/s budgeted MoH of $475.500 In the past; Gary assigned MOH costs to ind vibualjabs bused oo the dir cct abor hours of his emplovees the beginning of the year. records of his employees. Gary now sees that they actualy woried 165 , ooohours this year whil icelving an average wage of $15 per hour Wow business mast be goods Based on the above information determine the budgeted MOH rate based on DL hours, apply MOH for the year, and determine under: or overapplied MOH for the year. (Round MOH rate answer to 2 decimal ploces es. 52.75.) Budzeted MOH rate Applied MOH Difference: DL hour Taylor wondered if his unde should consider a different allocation base, since this construction business is both labor-intensive and material-intensive. Gary agrees and determines that total DM costs incurred for the jobs worked on this year amounted to $1,245,000. At the beginning of the year, Gary's budgeted DM costs (for the projects he knew about at the time) were $951,000. Determine what the budgeted MOH rate would have been if Gary had used direct material cost as the cost driver Further. determine applied MOH and under-or overapplied MOH for this scenario. (Round MOH rate answer to 2 decimal ploces, es 52.75 ) Budgeted MOH rate AppliedMOH Difference $ 5 5 DMS Which cost driver woult you recommend Gary use goins forvard? edia