[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 Actual manufacturing overhead Budgeted machine hours (based on practical capacity) Budgeted direct-labor hours (based on practical capacity) Budgeted direct-labor rate Budgeted manufacturing overhead Actual machine hours Actual direct-labor hours Actual direct-labor rate $ 205,000 338,000 10,000 20,000 $364,000 11,000 18,000 12 Required: 1. Compute the firm's predetermined overhead rate for the year using each of the following common cost drivers: (a machine hours. (b) direct labor hours, and direct labor dollars. (Round your answers to 2 decimal place.) Overhead Rate Cost Drivers (a) Machine hours (b) Direct-labor hours (c) Direct-labor dollars per machine hour per direct-labor hour per direct-labor dollar Required information 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 Actual manufacturing overhead Budgeted machine hours (based on practical capacity) Budgeted direct-labor hours (based on practical capacity) Budgeted direct-labor rate Budgeted manufacturing overhead Actual machine hours Actual direct-labor hours Actual direct-labor rate $ 205,000 338,000 10,000 20,000 13 $364,000 11,000 18,000 $ 17 2. Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers. (Round intermediate calculation to 2 decimal places.) Amount Cost Drivers (a) Machine hours (b) Direct-labor hours (c) Direct-labor dollars