Question 6: The Lincoln Manufacturing Company has the following budgeted overhead cost and other data for its assembly department for the month of April. Budgeted Data: Indirect labor and supplies Factory rent Supervision Depreciation on equipment Cost-allocation base for overhead application Total budgeted direct labor hours Other Data: Total applied overhead costs for April Actual overhead cost incurred during April S170,000 $ 52,000 5 67.000 $216.000 Direct-labor hours 50.000 $616,100 $577.000 Compute the (i) budgeted factory overhead rate, (ii) actual direct-labor hours, and (in) allocate the difference between the actual overhead cost incurred and applied overhead to Costs of Goods Sold for April. Is it add to or subtract from COGS? 20