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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
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 $202,000. Estimated direct labor cost was $484,000 for 20,000 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Total Cost $ 48,401 Indirect costs Indirect labor Indirect materials Factory rent Factory supervision 2,510 3,450 3,200 4,740 Factory depreciation 5,630 Factory janitorial work 1,300 Factory insurance 1,720 General and administrative salaries 4,140 Selling expenses 5,350 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute over- or underapplied overhead. Note: Input the amount as positive value. Round your intermediate calculations to two decimal places. Ensure that value and the explanation part are as per the rounding instruction provided. Overhead by < Required 3 Required > Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs Required 1 Required 2 Required 3 Required 4 Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal places. Predetermined Overhead Rate Per DLH Required 1 Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Required 3 Required 4 Calculate the amount of applied manufacturing overhead. Note: Round your intermediate calculations to two decimal places. Ensure that t as per the rounding instruction provided. Applied Manufacturing Overhead < Required 1 Required 3 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate actual manufacturing overhead costs. Actual Manufacturing Overhead Costs < Required 2 Required
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