ACCT 346 DEVRY WEEK 3 QUIZ (2 DIFFERENT SETS)

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ACCT 346 DeVry Week 3 Quiz (2 Different Sets) ACCT 346 DeVry Week 3 Quiz ( Version 1) 1. Question : (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2,250,000 and direct labor hours are budgeted at 415,000 hours. Actual overhead was $2,200,000 and actual direct labor hours worked were 422,000. a. Calculate the predetermined overhead rate. b. Calculate the overhead applied. c. Determine the amount of overhead that is over/underapplied

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ACCT 346 DeVry Week 3 Quiz (2 Different Sets) ACCT 346 DeVry Week 3 Quiz ( Version 1) 1. Question : (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2,250,000 and direct labor hours are budgeted at 415,000 hours. Actual overhead was $2,200,000 and actual direct labor hours worked were 422,000. a. Calculate the predetermined overhead rate. b. Calculate the overhead applied. c. Determine the amount of overhead that is over/underapplied

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