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please help. due today Whether it should use a different allocation base such as direct labor dollars or machine hours: Actual and estimated data for
please help. due today
Whether it should use a different allocation base such as direct labor dollars or machine hours: Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the recent fiscal year are summarized here: Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. Note: Round your answer to 2 decimal places. b. Applied manufacturing overhead. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount. c. Over-or underapplied manufacturing overhead. Note: 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 doliars (instead of direct labor hours) as its allocation base, compute the followi a. Predetermined overhead rate. Note: Round your answer to 2 decimal places, L.e. 3.63%. b. Applied manufacturing overhead. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount. c. Over-or underapplied manufacturing overhead. Note: 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. Note: Round your answer to 2 decimal places. b. Applied manufacturing overhead. Note: Round your intermediate calculations to 2 decimal ploces and final answer to the nearest whole dollar amount. c. Over-or underapplied manufacturing overhead. Note: 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 Step by Step Solution
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