?Estimated cost and operating data for Three Divisions for the upcoming year:

Predetermined overhead rates are computed using the following bases in the three companies:

Required:

Calculate the predetermined overhead rate to be used in each company during the

upcoming year. $(12$ ?marks$)$

Assume that Division FL$10$ ?works on three jobs during the upcoming year. Direct

labour$-$hours recorded by job are as follows: Job $1$X$,16,000$ ?hours; Job $2$X$,24,000$

hours; Job $3x,38,000$ ?hours. How much overhead cost will the company apply to

work in process for the year? If actual overhead costs total $$535,000$ ?for the year, will

overhead be under$-$ ?or overapplied? By how much? $(12$ ?marks$)$