Reliable Car Parts, a manufacturer of spare parts, has two production departments-Assembling and Packaging. The Assembling Department is mechanized, while the Packaging Department is labor oriented. Estimated manufacturing overhead costs for the year were $19,900,000 for Assembling and $11,000,000 for Packaging. Calculate the department predetermined overhead allocation rates for the Assembling and Packaging Departments, respectively, if the total estimated machine hours were 41,000 and labor hours were 25,000 for the year. (Round your answer to the nearest cent.) OA. $796.00, $268.29 OB. $268.29, $796.00 OC. $485.37, $440.00 OD. $485.37, $796.00

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.