the Tatooine Company fixes TIE Fighters and Speeders Information about Tatooine is as follows

estimated labor dollars $$2,250,000$

estimated labor hours $40000$

estimated total fixed overhead $$750,000$

Required

A$)$ determine the overhead rate if Tatooine uses labor dollars to allocate overhead

B$)$ determine the overhead rate if Tatooine uses labor hours to allocate overhead

C$)$ Luke brought his speeder to be repaired. Tatooine charged Luke $$900$ and incurred the following costs:

direct materials $$175$

direct labor $5$ hours $$125$

variable overhead $$100$

fixed overhead $?$

total cost $?$

total profit $?$

determine the fixed overhead cost, total cost and profit to Tatooine if labor $ is used as the cost driver

determine the fixed overhead cost, total cost and profit to Tatooine if labor hours is used as the cost driver

D$)$ At the end of the year Tatooine had actual fixed overhead of $$756,000$

During the year Tatooine had labor cost of $$2,517,000$

during the year tatooine had labor hours of $39950$

How much is overhead over or underapplied if Tatooine uses labor dollars...let me know if over or under applied not just amount

How much is overhead over or underapplied if Tatooine uses labor hours let me know if over or underapplied not just amount

E$)$ make the journal entry to eliminate fixed overhead if Tatooine uses labor dollars