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SamMart., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $5,000,000 and total direct labor hours to be 200,000 hours. Calculate SamMart's predetermined overhead rate. In March, SamMart incurred actual overhead costs of $415,000 and used 18,000 direct labor hours. How much was SamMart's over- or under-applied overhead for the month of March?© BrainMass Inc. brainmass.com June 3, 2020, 10:25 pm ad1c9bdddf
Predetermined overhead rate = Estimated overhead/Estimated direct labor ...
The solution explains how to calculate the amount of under or over applied overhead.