Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value $ 600,000 $ 402,000 17,100 hours 8,100 hours Actual Value $ 661,000 $ 456,000 18,600 hours 9,100 hours Required: ped Dok rences 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate (Round your answer to 2 decimal places.) b. Applied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest 20 whole dollar amount.) c. Over- or underapplied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) 2. If the company had used direct labor dollars (instead of direct labor hours) as its allocation base, compute the following: a. Predetermined overhead rate (Round your answer to 2 decimal places, i.e. 3.63%) b. Applied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) c. Over- or underapplied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) 3. If the company had used machine hours (instead of direct labor hours) as its allocation base, compute the following: a. Predetermined overhead rate (Round your answer to 2 decimal places.) b. Applied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) c. Over- or underapplied manufacturing overhead. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) 4. Based on last year's data alone, which allocation base would have provided the most accurate measure for applying manufacturing overhead costs to production? 1a Predetermined Overhead Rate 16 Applied Manufacturing Overhead 1c Manufacturing Overhead 2a Predetermined Overhead Rate 2b Applied Manufacturing Overhead 2c Manufacturing Overhead Ja Predetermined Overhead Rate 3b. Applied Manufacturing Overhead 3c Manufacturing Overhead per direct labor hour % of direct labor cost per machine hour < Etzy 6 of 7 Next >