waheed company uses normal costing it allocates manufacturing overhead costs using a 4521678

Waheed Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2006: Budgeted manufacturing overhead costs …………………… $2,850,000 Budgeted machine-hours …………………………………… 190,000 Actual manufacturing overhead costs ………………………. $2,910,000 Actual machine-hours ………………………………………. 195,000 Required 1. Calculate the budgeted manufacturing overhead rate. 2. Calculate the manufacturing overhead allocated during 2006. 3. Calculate the amount of under- or over allocated manufacturing overhead.

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