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Greer Manufacturing provided the following information from its accounting records for 2018. Estimated Production: 32,500 Labor Hours Actual Production: 34,000 Labor Hours Budgeted Overhead: $650,000

Greer Manufacturing provided the following information from its accounting records for 2018.

Estimated Production: 32,500 Labor Hours

Actual Production: 34,000 Labor Hours

Budgeted Overhead: $650,000

Actual Overhead: $675,000

A) Compute the predetermined overhead rate.

B) Compute the applied overhead.

C) Was the overhead under or overapplied?

D) By how much?

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