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(Solved) (Latest ver. Aug 2020) - Overhead calculations

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4.19 Waheed Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rater per machine-hour. The following data are available for 2008:

Budgeted manufacturing overhead costs$4,000,000
Budgeted machine-hours200,000
Actual manufacturing overhead costs$3,860,000
Actual machine-hours195,000

1. Calculate the budgeted manufacturing overhead rate.
2. Calculate the manufacturing overhead allocated during 2008.
3. Calculate the amount of under- or overallocated manufacturing overhead.


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