Required information Exercise 3-35 Predetermined Overhead Rate; Various Cost Drivers (LO 3-4) [The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue Actual manufacturing overhead Budgeted machine hours (based on practical capacity) Budgeted direct-labor hours (based on practical capacity) Budgeted direct-labor rate Budgeted manufacturing overhead Actual machine hours Actual direct-labor hours Actual direct-labor rate $ 205, 000 340,000 10,000 20,000 $ 14 $ 364, 000 11,000 $ 18,000 15 Exercise 3-35 Part 2 2. Calculate the overapplied or underapplied overhead for the year using each of the following cost drivers. (Round intermediate calculation to 2 decimal places.) Cost Drivers Amount (a) Machine hours Overapplied overhead $ 60,400 (b) Direct-labor hours Underapplied overhead $ 12,400 () Direct-labor dollars Overapplied overhead