Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Budgeted Actual Overhead cost $1,355,580 $1,325,580 Machine hours 56,900 48,400 Direct labor hours 102,000 98,500 Overhead is applied on the basis of direct labor hours. Correct answer iconYour answer is correct. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e. g. 12.25.) Predetermined overhead rate $Type your answer here 13.29 per direct labor hour eTextbook and Media Incorrect answer iconYour answer is incorrect. Determine the amount of overhead applied for the year. Amount of overhead applied $Type your answer here 13.46

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?

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Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.