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[The following information applies to the questions displayed below.] The following data pertain to the Aquarius...

[The following information applies to the questions displayed below.] The following data pertain to the Aquarius Hotel Supply Company for the year just ended. Budgeted sales revenue

Budgeted sales revenue

$

200,000

  Budgeted manufacturing overhead

364,000

  Budgeted machine hours (based on practical capacity)

10,000

  Budgeted direct-labor hours (based on practical capacity)

20,000

  Budgeted direct-labor rate per hour

13

  Actual manufacturing overhead

338,000

  Actual machine hours

11,000

  Actual direct-labor hours

18,000

  Actual direct-labor rate per hour

17

Required: 1. Compute the firm’s predetermined overhead rate for the year using each of the following common cost drivers: a. machine hours b. direct labor hours c. direct labor dollars

2. Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers. a. machine hours b. direct labor hours c. direct labor dollars

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ekkarill92 answered 10 months ago
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