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Oriole Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the
Oriole Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 62: Company Job 62 Direct materials $52,800 $4,000 Direct labor $22,000 $2,400 Manufacturing overhead costs $67,320 Machine hours 79,200 1,200 During 2022, the actual machine hours totaled 83,600, and actual overhead costs were $62,400. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) (b) Predetermined overhead rate $ eTextbook and Media Your answer is correct. Compute the total manufacturing costs for Job 62. Total manufacturing costs $ 7,420 0.85 per machine hour Attempts: 3 of 5 used (c) How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied. Overhead $ eTextbook and Media
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