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help please show your work Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Giaser Company estimated the following
help please show your work
Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Giaser Company estimated the following Assembly Testing Department Department Total Overhead 5531,000 5658,440 $1,109440 Direct labor hours 147,500 109,150 256,650 Machine hours 18,000 103,880 201 880 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct tabor hours. In the testing department, overheat is applied on the basis of machine hours. Actual data for the month of March are as follows: Assembly Testing Department Department Total Overhead $58,410 172.426 0130,00 Direct labor hours 16,225 12.00 28,232 Machine hours 10,700 22.207 Required: 1. Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent. Assembly department overhead rate 3.6 per direct labor hour Testing department overhead rate 6.34 per machine hour 2. Calculate the overhead applied to production in each department for the month of March. If required, round your answers to nearest whole value. Assembly department 58,410 Testing department 72,332 3. By how much has each department's overhead been overapplied? Underapplied? Assembly department Underapplied Testing department Overapplied 98 0 Step by Step Solution
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