value: 2.00 points Amberjack Company is trying to decide on an allocation base to use it is trying to decide whether it should use a different allocation base Actual and estimated data for manufacturing overhead, direct labor Estimated Value $ 585,000 $ 387,000 Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours 15,600 hours 6,600 hours Required 1. Based on the company's current allocation base (direct labor hour a. Predetermined overhead rate. (Round your answer to 2 decimal Predetermined Overhead Rate per direct labor hour b. Applied manufacturing overhead (Round your intermediate calc Manufacturing Ovrhead n base to use to assign manufacturing overhead to jobs. The compan location base such as direct labor dollars or machine hours , direct labor cost, direct labor hours, and machine hours for the most Value Actual Value $ 646,000 S 441,000 hours hours 17,100 hours 7,600 hours rect labor hours), compute the following: er to 2 decimal places.) ect labor hour termediate calculations to 2 decimal places and final answer to the used direct labor hours to assign manufacturing overhead to products, but year are summarized here dollar amount.) Direct labor hours .Machine hours 15,600 hours 6,600 hours 17,100 hours 7,600 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the a. Predetermined overhead rate. (Round your answer to 2 decimal places.) determined Overhead Rate per direct labor hour b. Applied manufacturing overhead. (Round your intermediate calculations to 2 d anufacturing Overhead c. Over- or underapplied manufacturing overhead. (Round your intermediate calcu Manufacturing Overhead O Type here to search S 441,000 17,100 hours 7,600 hours urs), compute the following nal places.) ur calculations to 2 decimal places and final aniswer to the nearest whole dollar amount.) intermediate calculations to 2 decimal places and final answer to the nearest whole dollar ar 2. If the company had used direct labor dollars (instead of direct labor hours a. Predetermined overhead rate. (Round your answer to 2 decimal place % of direct labor cost b. Applied manufacturing overhead. (Round your intermediate calculation Manufacturing Overhead c. Over- or underapplied manufacturing overhead. (Round your intermedia Manufacturing Overhead O Type here to search labor hours) as its allocation base, compute the following imal places, ie, 3.63%) ost calculations to 2 decimal places and final answer to the nearest whole dollar amount.) rintermediate calculations to 2 decimal places and final answer to the nearest whole dollar am 3.If the company had used machine hours (instead of direct labor hours) as its a a. Predetermined overhead rate. (Round your answer to 2 decimal places.) etermined overhead Rate per machine hour b. Applied manufacturing overhead. (Round your intermediate calculations to Manufacturing Overhead c. Over- or underapplied manufacturing overhead. (Round your intermediate cal Manufacturing Overhead Type here to search s) as its allocation base, compute the following laces.) lations to 2 decimal places and final answer to the nearest whole dollar amount.) mediate calculations to 2 decimal places and final answer to the nearest whole dollar am 4. Based on last year's data alone, which allocation base would have pro Direct Labor Hours O Direct Labor Cost O Machine Hours References eBook & Resources Worksheet Learning Objective: 02-03 Type here to search te calculations to 2 decimal places and final answer to the nearest whole dollar ame ided the most accurate measure for applying manufacturing overhead costs to production? Amberjack Company is trying to decide on an allocation base to use to assi it is trying to decide whether it should use a different allocation base such as Actual and estimated data for manufacturing overhead, direct labor cost, dir Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value S 585,000 $ 387,000 Actual S 646,000 $ 441,000 17,100 7,600 15,600 hours 6,600 hours Required: 1. Based on the company's current allocation base (direct labor hours), comp a. Predetermined overhead rate. (Round your answer to 2 decimal places per direct labor hour redetermined Overhead Rate b. Applied manufacturing overhead. (Round your intermediate calculations Manufacturing Overthead O Type here to search