Business, 27.02.2020 20:47 sosakag3

Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

Variable overhead cost per direct labor-hour $2.00
Total fixed overhead cost per year $250,000
Budgeted standard direct labor-hours (denominator level of activity) 40,000
Actual direct labor-hours 39,000
Standard direct labor-hours allowed for the actual output 38,000
Required

1. Compute the predetermined overhead rate for the year. (Round Predetermined overhead rate to 2 decimal places.)2. Determine the amount of overhead that would be applied to the output of the period. (Round Predetermined overhead rate to 2 decimal places.)

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Privack Corporation has a standard cost system in which it applies overhead to products based on the...

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