Question: 1. 2. 3. 4. 5. Required 1. Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed elements 2.

1. 2. 3. 4. 5. Required 1. Compute the predetermined overhead

rate for the year. Break the rate down into variable and fixed

elements 2. Prepare a standard cost card for the company's product. 3a.

Compute the standard direct labor-hours allowed for the year's production 3b. Complete

the following Manufacturing Overhead T-account for the year 4. Determine the reason

for the underapplied or overapplied overhead from (3) above by computing the

variable overhead rate and efficiency variances and the fixed overhead budget and

Required 1. Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed elements 2. Prepare a standard cost card for the company's product. 3a. Compute the standard direct labor-hours allowed for the year's production 3b. Complete the following Manufacturing Overhead T-account for the year 4. Determine the reason for the underapplied or overapplied overhead from (3) above by computing the variable overhead rate and efficiency variances and the fixed overhead budget and volume variances

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