Remember to enter numeric amounts without a $ or , (a comma). If the answer is $20,000.00, then enter the number as 20000. Remember to round to 2 decimal places. For numbers such as 1.456, round up to 1.46 and for numbers such as 1.452, round down to 1.45

Required:

1. The predetermined overhead rate for the assembly department is ________ per _______ (direct labour hour, machine hour).

2. The predetermined overhead rate for the testing department is ________ per ________ (direct labour hour, machine hour).

3. The assembly department applied overhead is________

4. The testing department's applied overhead is ______

5. The assembly department has ________ (overapplied, underapplied) overhead of $ ________.

6. The testing department has ________ (overapplied, underapplied) overhead of $ _______

OBJECTIVE 2 Exercise 5-13 Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Videosym Company estimated the following: Assembly Testing Department Department Total Overhead $620,000 $180,000 $800,000 Direct labour hours 155,000 20,000 175,000 Machine hours 80,000 120,000 200,000 Videosym uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labour hours. In the testing department, overhead is applied on the basis of machine hours. Actual data for the month of March are as follows: Total Overhead Direct labour hours Machine hours Assembly Department $53,000 13,000 6,800 Testing Department $15,500 1,680 13,050 $68,500 14,680 19,850 Required: 1. Calculate the predetermined overhead rates for the assembly and testing departments. 2. Calculate the overhead applied to production in each department for the month of March. 3. By how much has each department's overhead been overapplied? Underapplied? 4. CONCEPTUAL CONNECTION Why don't we simply leave the overhead variance in the overhead control account at the end of the accounting period