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Bubba's Crawfish Processing Company employs a traditional overhead allocation based on the direct labor hours. For the present year overhead is estimated at $3,175,000 and direct labor hours are budgeted at 155,000 hours. Actual overhead was $4,200,000 and actual overhead hours worked were 185,000.

a) Compute the predetermined overhead rate (E).

b) Compute the overhead applied (D)

c) Find out the amount of overhead that is over/under applied (D)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M919267

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