Exerclse $10$A$-3($Algo$)$ Applying Overhead In a Standard Costing System $[$LO$10-4]$

Prlvack Corporation applles overhead to products based on the standard direct labor$-$hours allowed for the actual output. Data

concerning the most recent year appear below:

Required:

Compute the predetermined overhead rate for the year. Be sure to Include the total budgeted fixed overhead and the total

budgeted varlable overhead in the numerator of your rate.

Note: Round your answer to the nearest whole dollar amount.

Compute the amount of overhead applied to the output of the perlod.

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.