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York Manufacturing applies overhead to its products based on machine hours. York's accountants estimated that overhead for 2021 would be $4,800,000. Its operations managers
York Manufacturing applies overhead to its products based on machine hours. York's accountants estimated that overhead for 2021 would be $4,800,000. Its operations managers estimated that 960,000 machine hours would be needed for production planned for 2021. At year end, overhead totaled $4,387,200 and 947,280 machine hours were worked. 1. Calculate York's predetermined overhead rate for 2021. Calculate your answer to two decimal places. Do not enter dollar signs or commas. 2. Calculate the amount of overhead York applied to production during 2021. Calculate your answer to the nearest whole dollar. Do not enter dollar signs, commas or decimal points. 3. Did York over or under apply overhead for 2021. Enter over or under. Do not enter a dollar amount. That will be entered in the next part. 4. By how much? Enter the dollar amount to the nearest whole dollar. Do not enter dollar signs, commas, decimal places, negative signs, etc. 5. One of the jobs York produced required $500 of materials, $300 of labor and 110 machine hours. What is the total cost of the job? Enter the dollar amount to the nearest whole number. Do not enter dollar signs, commas, decimal points, etc.
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