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Bambusoideae BBQ Company expects to incur the following expenses: Operating expenses $ 630,000 Factory utilities $ 125,000 Direct labor $ 275,000 Factory depreciation $ 150,000

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Bambusoideae BBQ Company expects to incur the following expenses: Operating expenses $ 630,000 Factory utilities $ 125,000 Direct labor $ 275,000 Factory depreciation $ 150,000 Sales commissions $ 60,000 Property tax on factory $ 40,000 Indirect Labor $ 200,000 Direct labor hourly wage rate $20 Indirect labor hourly wage rate $40 Indirect materials $ 30,000 Machine hours 9,000 Direct Materials $420,000 Units Bambusoideae BBQ Company plans to produce 15,000 (12 points) Show all your calculations and label each item. a. Calculate Bambusoideae BBQ Company's predetermined factory overhead application rate based on direct labor hours. (Round to 2 decimal points.) b. Calculate Bambusoideae BBQ Company's predetermined factory overhead application rate based on machine hours. (Round to 2 decimal points.) c. If actual factory overhead costs are $490,000, Bambusoideae BBQ Company produces 15,500 units, actual direct labor costs are $250,000, actual machine hours are 8500, the actual wage rates are as expected, and factory overhead is applied based on direct labor hours, determine the amount of applied overhead and determine the amount of over or under-applied factory overhead. Also indicate "over-applied" or "under-applied." d. If actual factory overhead costs are $600,000, Bambusoideae BBQ Company produces 15,500 units, actual direct labor costs are $250,000, actual machine hours are 8500, the actual wage rates are as expected, and factory overhead is applied based on machine hours, determine the amount of applied overhead and determine the amount of over or under-applied factory overhead. Also indicate "over-applied" or "under-applied." DII DD

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