Question: ABC Company listed the following data for the current year: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor

ABC Company listed the following data for the current year: Budgeted

ABC Company listed the following data for the current year: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual labor hours Actual machine hours $1,148,000 70,000 25,000 1,100,000 70,500 23,500 Assuming ABC Company applied overhead based on direct labor hours, the company's predetermined overhead rate for the year is

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