Exercise 4-32 (Algo) Application of Overhead [LO 4-4, 4-5]
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the
month of February, the company worked on these three jobs:
Job Number
B10 C44 G15
Direct labor ($8/hour) $ 52,000 ? $ 19,000
Direct materials 60,000 79,000 ?
Overhead applied ? 43,250 13,300
During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Workin-Process at the cost of $328,650 at the end of the month. Actual factory overhead costs during the month totaled $65,500.
Required:
1. What is the predetermined factory overhead rate?
2. Compute the amount of underapplied or overapplied overhead for February.

 Required 1 Required 2 
Complete this question by entering your answers in the tabs below.
Compute the amount of underapplied or overapplied overhead for February. (Do not round intermediate calculations.)