Fenderson Incorporated Makes a Single Product--A Cooling Coil Used in Commercial

question 155

Essay

Fenderson Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below:
The company incurred a total of $370,077 in manufacturing overhead cost during the year.
Required:
a. Compute the variable component of the company's predetermined overhead rate.
b. Compute the fixed component of the company's predetermined overhead rate.
c. Compute the company's predetermined overhead rate.
d. Determine whether overhead was underapplied or overapplied for the year and by how much.

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Definitions:

MacOS

The operating system designed by Apple Inc. for its line of Mac computers, known for its distinctive user interface and robust performance.

IP Address

A unique numerical label assigned to each device connected to a computer network that uses the Internet Protocol for communication.

Ifconfig

Ifconfig (interface configuration) is a command-line utility used to configure, manage, and query network interface parameters in Unix and Unix-like operating systems.

Data Encryption

The process of converting information or data into a code, especially to prevent unauthorized access.