Answer:
a. Budgeted factory overhead = 1,044,000.00
Budgeted direct labor hours = 72,000.00
Predetermined overhead rate = 1044,000/72,000
Predetermined overhead rate = $14.50
b. Budgeted factory overhead = 1,044,000.00
Budgeted machine hours= 24,000.00
Predetermined overhead rate = 1044,000/24000
Predetermined overhead rate = $43.50
c. Actual direct labor hours = 72,600.00
Applied overhead = 72600*14.50= 1,052,700.00
Actual factory overhead = <u>1,037,400.00</u>
Overapplied overhead = <u>15,300.00</u>
d. Actual machine hours 23,600.00
Applied overhead = 23600*43.50 = 1,026,600.00
Actual factory overhead <u>1,037,400.00</u>
Underapplied overhead ($10,800.00)