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The following information is provided for the year: Actual direct labor hours worked 36,000 Budgeted overhead $300,000 Budgeted direct labor hours 30,000 Actual overhead costs

The following information is provided for the year:

Actual direct labor hours worked

36,000

Budgeted overhead

$300,000

Budgeted direct labor hours

30,000

Actual overhead costs incurred

$360,000

1a. Refer to the information above. If the primary driver of overhead cost is DLHs, the amount of overhead applied for the year is [Ans $360,000]

1b. Refer to the information above. The overhead rate for applying manufacturing overhead is [Ans: $10]

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