Refer to the information in Cornerstone Exercise 16-24 for data. Now, assume that Hallett has decided to use a plantwide overhead rate based on direct labor hours.
At the beginning of the year, Hallett Company estimated the following:
1. Calculate the predetermined plantwide overhead rate. (Note: Round to the nearest cent.)
2. Calculate the overhead applied to production for the month of June.
3. Calculate the overhead variance for the month of June.