The following data pertain to the Aquarius Hotel Supply Company for the year just ended.

Budgeted sales revenue

$

205,000

Budgeted manufacturing overhead

364,000

Budgeted machine hours (based on practical capacity)

8,000

Budgeted direct-labor hours (based on practical capacity)

20,000

Budgeted direct-labor rate per hour

14

Actual manufacturing overhead

340,000

Actual machine hours

11,000

Actual direct-labor hours

18,000

Actual direct-labor rate per hour

16

1.	Compute the firms predetermined overhead rate for the year using each of the following common cost drivers:

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