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undefined Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the
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Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $192,060. Estimated direct labor cost was $485,100 for 19,800 hours. Actual costs for the most recent month are summarized here: Total Cost $ 48,511 Item Description Direct labor (1,980 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses 2,570 3,330 3,290 4,890 5,690 1,220 1.780 4,160 5,350 Required: 1. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined Overhead Rate Per DL Hour 2. Calculate the amount of applied manufacturing overhead. Applied Manufacturing Overhead 3. Calculate actual manufacturing overhead costs. Actual Manufacturing Overhead Costs 4. Compute over- or underapplied overhead. (Input the amount as positive value.) OverheadStep by Step Solution
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