The following information applies to the questions displayed below.] The following data pertain to the...
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Accounting
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 $200,000 336,000 8,000 20,000 $ 13 $364,000 11,000 18,000 $ 15 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 (c) direct-labor dollars. (Round your answers to 2 decimal place.) Cost Drivers Machine Hours obractator hours Suved 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 $200,000 336,000 8,000 20,000 13 $364,000 11,000 18,000 $ 15 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 Machine hours Drector hours


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