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Budgeted: Overhead Machine hours $261,000 89,000 Direct labor hours 9,000 Actual: Overhead Machine hours Direct labor hours Prime cost Number of units $260,300 87,200
Budgeted: Overhead Machine hours $261,000 89,000 Direct labor hours 9,000 Actual: Overhead Machine hours Direct labor hours Prime cost Number of units $260,300 87,200 8,610 $1,110,310 170,000 Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? per direct labor hour 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced? (Carry your answer to four significant digits.) per unit
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