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The following information was gathered for Gibson Company for the year ended December 31, 2018. Direct labor-hours Factory overhead Budgeted 75.000 dlh $525,000 Actual 77,500

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The following information was gathered for Gibson Company for the year ended December 31, 2018. Direct labor-hours Factory overhead Budgeted 75.000 dlh $525,000 Actual 77,500 dlh $558,000 Assume that direct labor-hours are the cost-allocation base. Required: a. Compute the budgeted factory overhead rate. b. Compute the factory overhead applied. C. Compute the amount of over/underapplied overhead

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