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Pawhuska Company estimates that its overhead costs for Year 2 will be $924,000 and output in units of product will be 330,000 units. Required a.
Pawhuska Company estimates that its overhead costs for Year 2 will be $924,000 and output in units of product will be 330,000 units. Required a. Calculate Pawhuska's predetermined overhead rate based on expected production. Note: Round your answer to 2 decimal places. b. If 28,000 units of product were made in March Year 2 , how much overhead cost would be allocated to the Work in Process Inventory account during the month? Note: Do not round intermediate calculations. c. If actual overhead costs in March were $76,300, would overhead be overapplied or underapplied and by how much? Note: Do not round intermediate calculations
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