Account homework help please
Account homework help please
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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