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    Helen5016's Avatar
    Helen5016 Posts: 1, Reputation: 1
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    #1

    Sep 19, 2013, 03:58 PM
    Activity based costing
    Overhead cost: 1,000,000 budgeted 950,000 actual. Machine hours: 50,000 budgeted 45,000 actual. Direct labor hours: 100,000 budgeted 92,000 actual. Q: overhead is applied on basis of direct labor hours. Compute the predetermined overhead rate.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Sep 21, 2013, 05:57 PM
    Are you looking to carry out cost estimation of variance reporting

    Actual results are anecdotal only in answering the question. This is not activity based costing but absorption costing methodology
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