Question: A B C 1 2 3 4 5 6 7 8 Chapter 3: Applying Excel Data Allocation base Machine-hours Estimated manufacturing overhead cost $290,700 Estimated

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Chapter 3: Applying Excel
Data
Allocation base Machine-hours
Estimated manufacturing overhead cost $290,700
Estimated total amount of the allocation base 57,000 machine-hours
Actual manufacturing overhead cost $281,700
Actual total amount of the allocation base 60,000 machine-hours

(a) What is the Predetermined overhead rate? (Round your answer to 2 decimal places.

(b) By how much is the manufacturing overhead underapplied or overapplied?

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