A company incurred the following manufacturing costs this period: direct labor, $468,000; direct materials, $354,000; and factory

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A company incurred the following manufacturing costs this period: direct labor, $468,000; direct materials, $354,000; and factory overhead, $117,000. Compute its overhead cost as a percent of
(1) Direct labor
(2) Direct materials.
Express your answers as percents, rounded to the nearest whole number.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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