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14 pts Summer Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $840,000 for the year, and machine usage is estimated at 120.000 hours In the first quarter of the calendar year, $240,000 of overhead costs was incurred and 31,000 machine hours were used. For the remainder of the year, $590,000 of additional overhead costs are incurred. Actual machine hours exceeded expected machine hours by 1/60th of the original estimate. Fill in the blanks be sure to NOT include any commas or decimals unless otherwise stated. For example $1,000.25 should be expressed as 1000. Only include decimals is answer is to be rounded to the nearest $0.01 you would express the answer as 1000.25 Fill in the blanks below based on the information above: A. The calculated the manufacturing overhead rate for the year is $ per machine hour, rounded to the nearest $0.01. B. How much is the amount of over- or under-applied overhead at March 317 $ C. The calculated actual amount additional excess overhead machine hours is $ D. The actual amount of machine hours used from April to December is E. The applied overhead from April to December is $ F How much is the amount of over- or under-applied overhead from April to December 31, if over- or under-applied overhead has not been accounted for since March 312 $ -applied overhead Next Previous

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