Question: Note: Keep in mind that you are required to respond to just 6 questions in this test, and the last question is obligatory. Isabelle Pty

Note: Keep in mind that you are required to respond to

Note: Keep in mind that you are required to respond to just 6 questions in this test, and the last question is obligatory. Isabelle Pty Ltd uses a budgeted factory overhead rate to apply overhead to production. The following data are available for the year ended 31 December 2018. Required: a. Determine the budgeted factory overhead rate based on direct labour-hours. 2 marks b. What is the applied overhead based on direct labour-hours? 2 marks c. Is overhead overapplied or underapplied? Explain. 1 mark

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