Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow: $135,000 108,000 Estimated consulting overhead cost for the year Estimated direct labor cost for the year (@ $9/hr.) Actual manufacturing overhead cost for January Actual direct labor cost for January (1,200 hours) 8,000 5,500 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. % b. Prepare a journal entry that applies consulting overhead for January. General Journal Description Debit Credit + c. By what amount is consulting overhead over- or underapplied in January? Consulting overhead was by $ in January.

Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow: mssuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. b. Prepare a journal entry that applies consulting overhead for January. c. By what amount is consulting overhead over- or underapplied in january? Consulting overhead was bys in january