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Check my work mode : This shows what is correct or incorrect to the Wo ! Required information (The following information applies to the questions
Check my work mode : This shows what is correct or incorrect to the Wo ! Required information (The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue Actual manufacturing overhead Budgeted machine hours (based on practical capacity) Budgeted direct-labor hours (based on practical capacity) Budgeted direct-labor rate Budgeted manufacturing overhead Actual machine hours Actual direct-labor hours Actual direct-labor rate $ 210,000 336,000 8,000 20,000 $ 13 $364,000 11,000 18,000 $ 16 Required: 1. Compute the firm's predetermined overhead rate for the year using each of the following common costo (b) direct-labor hours, and (c) direct-labor dollars. (Round your answers to 2 decimal place.) Answer is complete but not entirely correct. Cost Drivers Overhead Rate (b) Machine hours Direct-labor hours Direct-labor dollars $ 45.50 per machine hour per direct-labor 483,000.00 hour per direct-labor 154,000.00 dollar (c) + Prev 2 of 2
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