The following information was gathered for Jasmine Company for the year ended December 31, 2010
direct labor hours: 75,000dlh 80,000dlh
factory overhead: 600,000 625,000
Assume that direct labor-hours are the cost-allocation base.
a. Compute the budgeted factory overhead rate
b. Compute the factory overhead applied
c. Compute the amount of over/underapplied overhead