Blueberry Corporation uses a job order cost system with manufacturing overhead applied to products on the basis of machine hours. For the upcoming year, Blueberry Corporation estimated total manufacturing overhead cost at $399,500 and total machine hours of 47,000 . During the year actual manufacturing overhead incurred was $391,230 and 48,600 machine hours were used. Required: a. Calculate the predetermined overhead rate. b. Calculate how much manufacturing overhead will be applied to production. c. Is overhead over-or underapplied? By how much? d. What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased? Complete this question by entering your answers in the tabs below. Calculate the prodetermined overhead rate. Note: Round your answer to 2 secimal places. Blueberry Corporation uses a job order cost system with manufacturing overhead applied to products on the basis of machine hours For the upcoming yeat, Blueberry Corporation estimated total manufacturing overhead cost at $399,500 and total mochine hours of 47,000 . During the year actual manufacturing overhead incurred was $391,230 and 48,600 machine hours were used. Required: a. Calculate the predetermined overhead tate. b. Calculate how much manufacturing overhead will be applied to production. c. is overhead over-or underapplied? By how much? d. What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased? Complete this question by entering your answers in the tabs below. Calculate how much manufacturing overhead will be applied to production. Blueberry Corporation uses a job order cost system with manufacturing overhead applied to products on the basis of machine hours. For the upcoming year, Blueberry Corporation estimated total manufacturing overhead cost at $399,500 and total machine hours of 47,000 , During the year actual manufacturing overhead incurred was $391,230 and 48,600 machine hours were used. Required: a. Calculate the predetermined overhead rate. b. Calculate how much manufacturing overhead will be applied to production. c. Is overhead over- or underapplied? By how much? d. What account should be adjusted for over- or underapplied overhead? Should the balance be increased or decreased? Complete this question by entering your answers in the tabs below. Is overhead over-or underapplied? By how much? Note: Input the amount as positive value. Blueberry Corporation uses a job order cost system with manufacturing overhead applied to products on the basis of machine hours. For the upcoming year, Blueberry Corporation estimated total manufacturing overhead cost at $399,500 and total machine hours of 47,000 . During the year actual manufacturing overhead incurred was $391,230 and 48,600 machine hours were used. Required: a. Caiculate the predetermined overhead rate. b. Calculate how much manufacturing overhead will be applied to production. c. is overhead over- or underapplied? By how much? d. What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased? Complete this question by entering your answers in the tabs below. What account should be adjusted for over- or underapplied overhead? Should the balance be increased or decreased
