A.determine the budgeted factory overhead rate based on, Ask an Expert

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Isabelle, Inc., uses a budgeted factory overhead rate to apply overhead to production. The following data are available for the year ended December 31, 20X5.

Budgeted Actual
Factory overhead $675,000 $716,000
Direct labor costs $450,000 $432,000
Direct labor-hours 12,500 dlh 13,325 dlh

Required:

a. Determine the budgeted factory overhead rate based on direct labor-hours.

b. What is the applied overhead based on direct labor-hours?

c. Is overhead overapplied or underapplied and by how much?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9440020

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