Homework Answers
1. Predetermined Overhead Rate= Budgeted overhead for the period / Budgeted basis for the period
= Budgeted Overhead Costs/ Budgeted Machine Hours
= $ 11,079,000/169000 = $ 65.55 or $ 66 per MH
Option c
2.Predetermined Overhead Rate = Budgeted Overhead for the period/Budgeted basis for the period
= Budgeted Overhead Costs/ Budgeted Machine Hours
=$ 11,168,000/183,000 = $ 61.02 or $ 61
Overheads absorbed as per machine hour rate
= Actual Machine Hours*Predetermined Overhead Rate
= 95,000×$ 61 = $ 5,795,000
Actual Overhead Costs = $ 7,858,000
Hence, $ 2,063,000 of overheads under applied. option d
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