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Gomez, Inc., costs products using a normal costing system. The following data are available for last year: Budgeted: Overhead $378,000 Machine hours 84,000 Direct labor

Gomez, Inc., costs products using a normal costing system. The following data are available for last year: Budgeted: Overhead $378,000 Machine hours 84,000 Direct labor hours 10,800 Actual: Overhead $377,200 Machine hours 82,300 Direct labor hours 10,500 Prime cost $332,500 Number of units 100,000

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