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# Exercise 11-12 (Part Level Submission) (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd...

Exercise 11-12 (Part Level Submission) (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 125,000 units per year. The total budgeted overhead at normal capacity is \$1,062,500 comprised of \$437,500 of variable costs and \$625,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 73,100 putters, worked 86,700 direct labor hours, and incurred variable overhead costs of \$186,405 and fixed overhead costs of \$562,350. Collapse question part (a) Correct answer. Your answer is correct. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to 2 decimal places, e.g. 2.75.) Variable Fixed Predetermined Overhead Rate \$Entry field with correct answer 3.5 \$Entry field with correct answer 5 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 3 used Collapse question part (b) Compute the applied overhead for Byrd for the year. Overhead Applied \$ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER

 Req a: Budgeted labor hours(125000*1): 125000 Pre-determined OH rate: Variable Budgeted variable oH 437500 Divide: Budgeted DLH 125000 Pre-determined Variable Oh rate per DLH 3.5 Fixed Budgetd Fixed Overheads 625000 Divide: Budgeted DLH 125000 Pre-determined Fixed OH rate per DLH 5 Req b: Actual lbour hours: 86700 Pre-determined Variable OH rate 3.5 Pre-determined Fixed Oh rate 5 Variable OH applied 303450 Fixed OH applied 433500 Total OH applied 736950

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