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    Oneida Restaurant Supply Company Predetermined Overhead Rate

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    The following data pertain to the Oneida Restaurant Supply Company for the year just ended.

    Budgeted sales revenue.........$205,000
    Actual manufacturing overhead...340,000
    Budgedted machine hours..........10,000
    Budgeted direct-labor hours......20,000
    Budgeted direct-labor rate..........$14
    Budgeted manufacturing overhead.364,000
    Actual machin hours..............11,000
    Actual direct-labor hours........18,000
    Actual direct-labor rate............$15

    1) What is the predetermined overhead rate for the year using machine hours?

    2) What is the firm's predetermined rate for direct labor hours?

    3) What is the overapplied or underapplied overhead for the year for the firm using a)machine hours, b) direct-labor hours, and c) direct-labor dollars?

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    https://brainmass.com/business/accounting/oneida-restaurant-supply-company-predetermined-overhead-rate-151501

    Solution Preview

    1) What is the predetermined overhead rate for the year using machine hours?

    = 364,000/ 10,000 = $36.4 per machine hour

    2) What is the firm's predetermined rate for direct labor ...

    Solution Summary

    The expert examines Oneido Restaurant Supply Company's predetermined overhead rates.

    $2.19

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