Question
[The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year just ended.
[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 340,000 Budgeted machine hours (based on practical capacity) 10,000 Budgeted direct-labor hours (based on practical capacity) 20,000 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 15 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 (a) Machine hours (b) Direct-labor hours (c) Direct-labor dollars Amount
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