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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 $181,440. Estimated direct labor cost was $440,370 for 18,900 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,890 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses Total Cost $44,038 2,570 3,380 3,400 4,860 5,740 1,140 1,870 4,190 5,470 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Predetermined Overhead Rate Required 4 Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) Per DL Hour < Required 1 Required 2 > 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. 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 4 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute over- or underapplied overhead. (Input the amount as positive value.) Overhead Required 4 Underapplied by < Required 3 Required 4 >
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