Question: QUANTITATIVE ANALYSIS: It is advisable to document all your work and calculations as applicable. (1) WWW Company listed the following data for 2019: Budgeted factory

QUANTITATIVE ANALYSIS: It is advisable to document all your work and calculations as applicable.

(1) WWW Company listed the following data for 2019:

Budgeted factory overhead $2,095,900

Actual factory overhead 2,125,900

Budgeted direct labor hours 193,000

Budgeted machine hours 86,875

Actual machine hours 91,900

Actual direct labor hours 188,600

(a) Assuming WWW applied overhead based on direct labor hours; calculate the company's predetermined overhead rate for 2019

(b) Assuming WWW applied overhead based on machine hours; calculate the company's predetermined overhead rate for 2019

(c) If overhead is applied based on direct labor hours, calculate the overapplied/underapplied overhead.

(d) If overhead is applied based on machine hours, calculate the overapplied/underapplied overhead.

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