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Required information (The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year just
Required information (The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year just ended. $210,000 338,000 8,000 20,000 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 13 $364,000 11,000 18,000 $ 17 2. Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers. (Round intermediate calculation to 2 decimal places.) Amount Cost Drivers (a) Machine hours (b) Direct-labor hours (c) Direct-labor dollars
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