Seager Bats, Inc. uses a job order costing system that charges overhead to jobs on...
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Accounting
Seager Bats, Inc. uses a job order costing system that charges overhead to jobs on the basis of direct labor cost. Seager used the following cost predictions: overhead costs $1,285,750, and direct labor costs of $695,000. At year-end, the company's records show that actual overhead costs for the year are $1,278,000, and actual direct labor costs are $692,000. a. Determine the predetermined overhead rate for the year. b. Compute the amount of overapplied or underapplied overhead.
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