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Oneida Restaurant Supply Company Predetermined Overhead RateThe following data pertain to the Oneida Restaurant Supply
Company for the year just ended.Budgeted sales revenue………$205,000Actual manufacturing overhead…340,000Budgedted machine hours……….10,000Budgeted direct-labor hours……20,000Budgeted direct-labor rate……….$14Budgeted manufacturing overhead.364,000Actual machin hours…………..11,000Actual direct-labor hours……..18,000Actual direct-labor rate…………$151) What is the predetermined overhead rate for the year
using machine hours?2) What is the firm’s predetermined rate for direct labor
hours?
3) What is the overapplied or underapplied overhead for the
year for the firm using a)machine hours, b) direct-labor hours, and c)
direct-labor dollars?