The Following Information Has Been Made Available to You A Compute the Predetermined Overhead Rate

question 156

Essay

The following information has been made available to you. Assume that overhead is applied on the basis of direct labor hours.
$\begin{array}{lc}\hline \text { Actual overhead } & \$ 47,400 \\\text { Estimated overhead } & \$ 48,300 \\& \\\text { Actual direct labor hours } & 8,900 \\\text { Estimated direct labor hours } & 9,200 \\\hline\end{array}$
a. Compute the predetermined overhead rate.
b. Compute overhead applied.
c. Compute over- or underapplied overhead (indicate amount and direction).
d. Indicate whether cost of goods sold should be increased or decreased to adjust the balance to actual costs.

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Definitions:

Consequences

The outcomes or results that follow directly from actions or decisions.

Racial Categories

Classifications of humans into groups based on physical traits, ancestry, genetics, or social relations, often used for demographic purposes but critiqued for reinforcing stereotypes.

Biracial

Refers to individuals or groups composed of or pertaining to two different racial lineages.

Blackness

A term referring to the cultural, historical, and social experiences, identities, and expressions associated with people of African descent.