$!$

Required information

Part $2$ of $3$

$01$:$35$:$39$

References

EX $3-35,3-36($Algo$)$ Predetermined Overhead Rate; Various Cost Drivers $($LO $3-4)$

$[$The following information applies to the questions displayed below.$]$

The following data pertain to the Oneida Restaurant Supply Company for the year just ended.

Budgeted sales revenue

Actual manufacturing overhead

Budgeted machine hours $($based on practical capacity$)$

Budgeted direct$-$labor hours $($based on practical capacity$)$

Budgeted direct$-$labor rate

Budgeted manufacturing overhead

Actual machine hours

Actual direct$-$labor hours

Actual direct$-$labor rate

$$200,000$

$336,000$

$10,000$

$20,000$

$$14$

$$364,000$

$11,000$

$18,000$

$$17$

EX $3-35($Algo$)$ Part $2$ Calculate the overapplied or underapplied overhead...

Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers.

Note: Round intermediate calculation to $2$ decimal places.