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Budgeted rates are applied based on direct labor hours. The following data are available for the year: a. what is the budgeted overhead rate? b.

Budgeted rates are applied based on direct labor hours. The following data are available for the year:

image text in transcribed a. what is the budgeted overhead rate?

b. how much is the overhead cost that was applied?

c. is it over or under allocated? by how much?

Budgeted Actual Factory Overhead 675,000 716,000 Direct Labor Costs 450,000 432,000 Direct Labor Hours 12,500 13,325

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