A company expected its annual overhead costs to be $20,000 and direct labor hours to be...
Homework Answers
Predetermined Overhead rate
= Estimated overhead/Estimated direct labor hours
= 20,000/10,000
= $2 per direct labor hour
.
Applied overhead rate
= Predetermined overhead rate * Actual direct labor hours
= 2 * 12,000
= $24,000
.
Actual overhead = $25,000
Applied overhead = $24,000
Overhead underapplied = 25,000 - 24,000
= $1,000 underapplied
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