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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
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 $180,320. Estimated direct labor cost was $462,560 for 19.600 hours. Actual costs for the most recent month are summarized here: Iten Description Direct labor (1,500 hours) Total Cost $ 46,257 Indirect costs Indirect labor Indirect materials Factory rent Factory supervision 2,410 3,320 3,360 4,900 Factory depreciation 5,760 Factory janitorial work 1,270 Factory insurance 1,720 General and administrative salaries. 4,200 Selling expenses) 5,470 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 41 es 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 Complete this question by entering your answers in the tabs below. 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 the graded value and the explanation part are as per the rounding instruction provided. Applied Manufacturing Overhead es Required 1 Required 2 Required 3 Required 4 Calculate actual manufacturing overhead costs. Actual Manufacturing Overhead Costs 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 value and the explanation part are as per the rounding instruction provided. Overhead by
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