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X Company has two production departments, A and B. The following is budgeted information for all of its products in 2019, and actual information for
X Company has two production departments, A and B. The following is budgeted information for all of its products in 2019, and actual information for one of them, Product X: Product X All Products $6,900,000 60,000 100,000 58,000 724 1,000 770 Department A Overhead Direct labor hours Machine hours Units produced Department B Overhead Direct labor hours Machine hours Units produced $2,000,000 60,000 130,000 42,000 286 800 770 Using a single-driver allocation system, with machine hours as the driver, how much overhead was allocated to Product X [round overhead rate(s) to two decimal places]
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