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Overhead costs at Fox Corporation are allocated to jobs based on direct labor hours. Fox reports the following information for 2020: Actual manufacturing overhead costs

Overhead costs at Fox Corporation are allocated to jobs based on direct labor hours. Fox reports the following information for 2020:

Actual manufacturing overhead costs

$415,000

Budgeted manufacturing overhead costs

$410,000

Budgeted labor hours

50,000

Budgeted labor costs

$700,000

Actual labor hours

52,000


Question 

Compute the budgeted manufacturing overhead rate.

Compute the applied manufacturing overhead costs for 2020.

At the end of the year, compute manufacturing overhead costs.

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