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Required Information [The following information applies to the questions displayed below.] The following data pertain...

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Accounting

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Required Information [The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year Just ended. Budgeted sales revenue Actual manufacturing overhead Budgeted machine hours (based on practical capacity) Budgeted direct-labor hours (based on practical capacity) Budgeted direct labor rate Budgeted manufacturing overhead Actual machine hours Actual direct-labor hours Actual direct-labor rate $280,880 338,880 10, ese 20,000 $ 13 $364,800 11,000 18,000 $ 17 Required: 1. Compute the firm's predetermined overhead rate for the year using each of the following common cost drivers: (a) machine hours, (b) direct-labor hours, and (direct-labor dollars. (Round your answers to 2 decimal place.) Cost Drivers (a Machine hours (b Direct-labor hours Dire oor (c dollars Overhead Rate per machine hour per direct-labor hour per direct-labor dollar 2. Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers. (Round Intermediate calculation to 2 decimal places.) Amount Cost Drivers Machine (a hours Direct-labor (b hours Direct-labor (c dollars

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