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KLM Company listed the following data for 2017: Budgeted factory overhead $2,015,800 Actual factory overhead 2,125,900 Budgeted direct labor hours 195,000 Budgeted machine hours 86,875

KLM Company listed the following data for 2017:

Budgeted factory overhead $2,015,800

Actual factory overhead 2,125,900

Budgeted direct labor hours 195,000

Budgeted machine hours 86,875

Actual machine hours 91,500

Actual direct labor hours 189,600

(a) Assuming KLM applied overhead based on direct labor hours; calculate the company's predetermined overhead rate for 2017

(b) Assuming KLM applied overhead based on machine hours; calculate the company's predetermined overhead rate for 2017

(c) If overhead is applied based on direct labor hours, calculate the overapplied/underapplied overhead.

(d) If overhead is applied based on machine hours, calculate the overapplied/underapplied overhead.

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