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Take me to the text A company estimated its manufacturing overhead to be $486,000 for...

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Accounting

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Take me to the text A company estimated its manufacturing overhead to be $486,000 for the year, based on a normal capacity of 100,000 direct labor hours. At the end of the year, actual direct labor hours totaled to 103,000 while actual manufacturing overhead costs amounted to $525,000 Do not enter dollar signs or commas in the input boxes. a) Calculate the predetermined overhead rate. Round your answer to 2 decimal places. Predetermined overhead rate: b) Determine the amount of over or under-allocated overhead, Round your answer to the nearest whole number. Do not use the negative sign, Over/Under Allocated

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