Speedy Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information for the year:
Overhead is applied on the basis of computer hours.
Instructions
a. Compute the predetermined overhead rate.
b. Determine the amount of overhead applied for the year.

Question

Speedy Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information for the year:  
Overhead is applied on the basis of computer hours.
Instructions 
a. Compute the predetermined overhead rate.
b. Determine the amount of overhead applied for the year.

Quizplus · Accepted Answer

The Answer of Speedy Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information for the year:  
Overhead is applied on the basis of computer hours.
Instructions 
a. Compute the predetermined overhead rate.
b. Determine the amount of overhead applied for the year.