Homework Answers
Predetermined Overhead rate = Estimated overhead/Direct labor cost
= 409,500/910,000 = 45%
| Job 301 (50,000*45%) | 22,500 |
| Job 302 (75,000*45%) | 33,750 |
| Job 303 (100,000*45%) | 45,000 |
Applied overhead = 849,000*45% = 382,050
Underapplied overhead = 91,950
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