Feet Company makes boots. This company is currently trying to choose the best method of allocating manufacturing overhead to boots produced. Here is some information from the Feet Co. Accounting Department:

Estimates

Sales $1,000,000 (10,000 pairs of boots)

Direct Materials $300,000

Direct Labor $150,000 (10,000 hours)

Estimated Overhead $100,000

Net Profit on Boots $450,000

Estimated Machine Hours 15,000

Actual Data: Direct Labor Hours 10,500 Actual Direct Labor Costs $170,000 Actual Machine Hours $18,500 Actual Overhead $115,000

1. Suppose Feet Company selects direct labor hours to use in allocating manufacturing overhead. Compute the
   1. predetermined overhead rate
   2. amount of overhead applied to jobs
   3. amount of under or over applied overhead
2. Suppose Feet Company selects direct labor dollars to use in allocating manufacturing overhead. Compute the
   1. predetermined overhead rate
   2. amount of overhead applied to jobs
   3. amount of under or over applied overhead
3. Suppose Feet Company selects machine hours to use in allocating manufacturing overhead. Compute the
   1. predetermined overhead rate
   2. amount of overhead applied to jobs
   3. amount of under or over applied overhead