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Predetermined Overhead Rate, Applied Overhead, Unit Cost Gomez, Inc, costs products using a normal costing system. The following data are available for last year: Budgeted:
Predetermined Overhead Rate, Applied Overhead, Unit Cost
Gomez, Inc, costs products using a normal costing system. The following data are available for last year:
Budgeted:
Actual:
Overhead is applied on the basis of direct labor hours.
Required:
What was the predetermined overhead rate?
$
per direct labor hour
What was the applied overhead for last year?
$
Was overhead over or underapplied, and by how much?
What was the total cost per unit produced? Carry your answer to four significant digits.
$
per unit
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