Estimated cost and operating data for three companies for the upcoming year follow:
Predetermined overhead rates are computed using the following allocation bases in the three companies:
(b) Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded by job are: Job 418,12,000 hours; Job 419,36,000 hours; and Job 420,30,000 hours. How much overhead will the company apply to Work in Process for the year? If actual overhead costs total 530,000 for the year, will overhead be underapplied or overapplied? By how much?

The foreordained overhead charge may be a plantwide overhead fee based on the assessed add as much as overhead fetched and the evaluated upload as much as overhead driver. The charge is utilized to apply overhead costs to employments in a task-order costing framework.

First, we want to determine the predetermined overhead fee:

Predetermined production overhead rate= total envisioned overhead expenses for the period/ overall amount of allocation base.

Now, to calculate the over/under allocation, first, we need to allocate overhead for the entire employer.

allotted MOH= predicted

production overhead fee* real quantity of allocation base.

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