Account homework help please

Posted on 2014-04-03 06:54:00 in Accounting by SHANNON

Mosbach Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year are as follows:





Variable overhead cost per direct labor-hour $3.50

Total fixed overhead cost per year $495,000

Budgeted standard direct labor-hours (denominator level of activity) 110,000

Actual direct labor-hours 88,000

Standard direct labor-hours allowed for the actual output 83,000



Required:

1.

Compute the predetermined overhead rate for the year. (Omit the "$" sign in your response.)



Predetermined overhead rate $ per DLH



2.

Determine the amount of overhead that would be applied to the output of the period. (Omit the "$" sign in your response.)



Overhead applied $

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