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Cullumber Company estimates that annual manufacturing overhead costs will be $504,000. Estimated annual operating activity...

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Accounting

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Cullumber Company estimates that annual manufacturing overhead costs will be $504,000. Estimated annual operating activity bases are: direct labor cost $386,400, direct labor hours 40,000 and machine hours 80,000 . The actual manufacturing overhead cost for the year was $504,840 and the actual direct labor cost for the year was $383,040. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000 . Cullumber applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over-or underapplied and the amount. (Round predetermined overheod rate to 2 decimal places, eg. 15.25 and all other answers to 0 decimal places, es. 1,525.) Predetermined overhead rate per direct labor hour Manufacturing overhead applied $ $

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