Question: When setting its predetermined overhead application rate, Tasty Box Meals estimated its overhead would be $125,000 and would require 25,000 machine hours in the next

When setting its predetermined overhead application rate, Tasty Box Meals estimated its overhead would be $125,000 and would require 25,000 machine hours in the next year. At the end of the year, it found that actual overhead was $127,200 and required 26,000 machine hours.

A. Determine the predetermined overhead rate.

$fill in the blank 7e53d6fd803afe6_1 per machine hour

B. What is the overhead applied during the year?

$fill in the blank 7e53d6fd803afe6_2

C. Prepare the journal entry to eliminate the underapplied or overapplied overhead. If an amount box does not require an entry, leave it blank.

		fill in the blank 104a3d05dfca017_2	fill in the blank 104a3d05dfca017_3

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