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	$	15

Exercise 3-35 Part 1

Required:

1. Compute the firms predetermined overhead rate for the year using each of the following common cost drivers: (a) machine hours, (b) direct-labor hours, and (c) direct-labor dollars. (Round your answers to 2 decimal place.)

2. Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers. (Round intermediate calculation to 2 decimal places.)

Cost Drivers Overhead Rate (a) Machine hours |(b) Direct-labor hours (c) Direct-labor dollars per machine hour per direct-labor hour per direct-labor dollar Amount Cost Drivers |(a) Machine hours |(b) Direct-labor hours (c) Direct-labor dollars