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Required information Skip to question [The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for
Required information
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[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 | $ | 200,000 | |
Actual manufacturing overhead | 338,000 | ||
Budgeted machine hours (based on practical capacity) | 8,000 | ||
Budgeted direct-labor hours (based on practical capacity) | 20,000 | ||
Budgeted direct-labor rate | $ | 13 | |
Budgeted manufacturing overhead | $ | 364,000 | |
Actual machine hours | 11,000 | ||
Actual direct-labor hours | 18,000 | ||
Actual direct-labor rate | $ | 16 | |
2. Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers. (Round intermediate calculation to 2 decimal places.)
a) Machine Hours
b) Direct Labor Hours
c) Direct Labor Dollars
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