Current Attempt in Progress Bonita Artworks creates hand-painted picture frames. The frames are cast from resin in an automated process. Once the casting is done, talented artisans hand-paint one of fifteen designs on each frame. In the final assembly process, a worker inserts the glass pane and attaches the backing to the frame. Bonita's budget for the current year, along with the production requirements for two of the frames it produces are as follows: Casting Department Painting 48.000 Direct labor hours Machine hours Manufacturing overhead cost Assembly 12.000 2.000 18.000 5176,400 $288.000 $52800 Seasons of Run Frame Casting Director hours Machine hours Department Painting Assembly 1 0.25 0.50 150 Birth Announcement Frame Casting Director hour Machine hours Department Painting Assembly 150 0.50 0.20 0.00 (a) Your answer is correct. Assume that Bonita Artworks uses a single predetermined overhead application rate based on direct labor hours. Calculate the rate for the current year. (Round overhead rate to 2 decimal places, eg: 3.54) Predetermined overhead rate $ 862 direct labor hour e Textbook and Media Attempts: 1 of 3 used () Your is correct Using the rate you calculated in partial and the production requirements given calculate the amount of overhead applied to a Seasons formando Birth Announcement frame. (Round overhead roles to 2 decimal places, 3.3.54) Seasons of Fun Birth Announcement Overhead per frame 1078 Bonita Artworks'accountant has been taking a course in managerial accounting and has just learned that overhead should be applied using a causal base. She believes that direct labor hours may not be the best application base for the company and wants to explore the use of machine hours instead. Calculate the predetermined overhead application rate for the year using machine hours as the base. Using this rate, calculate the amount of overhead applied to a Seasons of Fun frame and a Birth Announcement frame. (Round overhead rates to 2 decimal places, eg: 3.54) Predetermined overhead rate S /machine hour Seasons of Fun Birth Announcement Overhead per frame S e Textbook and Media