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Estimated cost and operating data for three companies for the upcoming year follow: Predetermined OH rates are computed using the following bases in the three

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Estimated cost and operating data for three companies for the upcoming year follow: Predetermined OH rates are computed using the following bases in the three companies Predetermined OH rates are computed using the following bases in the three companies Required: 1. Compute the pre-determined overhead rate to be used by each company during the upcoming year. 2. Company C worked on its first Job #001 for which the following data is available: i. Compute the manufacturing cost of Job \# 001 for Company C. 3. Assume that at the end of the year, actual manufacturing cost incurred by Company C is $640,000. The actual direct labour hours used were 72,000 hours, actual machine hours used were 25,000 hours and the actual direct labour cost was $2,160,000. i. Compute the amount of manufacturing overhead that was applied to all jobs for Company C. ii. Compute the amount of over or under applied overhead for the year for Company C

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