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Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser Company estimated the following:
Calculating Departmental Overhead Rates and Applying Overhead to Production
At the beginning of the year, Glaser Company estimated the following:
Assembly
DepartmentTesting
Department
TotalOverhead$736,000 $640,320 $1,376,320 Direct labor hours82,000 95,940 177,940 Machine hours64,000 45,440 109,440 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied on the basis of machine hours. Actual data for the month of March are as follows:
Assembly
DepartmentTesting
Department
TotalOverhead$66,240 $57,629 $123,869 Direct labor hours7,380 8,635 16,015 Machine hours5,760 4,090 9,850 Required:
1. Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent.
Assembly department overhead rate$ per direct labor hourTesting department overhead rate$ per machine hour2. Calculate the overhead applied to production in each department for the month of March. If required, round your answers to nearest whole value.
Assembly department$Testing department$3. By how much has each department's overhead been overapplied? Underapplied?
Assembly department