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Bramble Company produces one product, a putter called GO-Putter. Bramble uses a standard cost system and determines that it should take one hour of direct
Bramble Company produces one product, a putter called GO-Putter. Bramble uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 105,000 units per year. The total budgeted overhead at normal capacity is $945,000 comprised of $367,500 of variable costs and $577,500 of fixed costs. Bramble applies overhead on the basis of direct labor hours. During the current year, Bramble produced 72,600 putters, worked 86,400 direct labor hours, and incurred variable overhead costs of $196,020 and fixed overhead costs of $602,400. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to 2 decimal places, e.g. 2.75.) Variable Fixed Predetermined Overhead Rate LINK TO TEXT VIDEO: APPLIED SKILLS Compute the applied overhead for Bramble for the year. Overhead Applied $ LINK TO TEXT VIDEO: APPLIED SKILLS Compute the total overhead variance. Total Overhead Variance
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