A companys predetermined overhead rate is 150% of its direct labor costs. How much overhead is applied
Question:
A company’s predetermined overhead rate is 150% of its direct labor costs. How much overhead is applied to a job that requires total direct labor costs of $30,000?
a. $15,000
d. $60,000
b. $30,000
e. $75,000
c. $45,000 A company uses direct labor costs to apply overhead. Its production costs for the period are: direct materials,
$45,000; direct labor, $35,000; and overhead applied,
$38,500. What is its predetermined overhead rate?
a. 10%
d. 91%
b. 110%
e. 117%
c. 86%
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Related Book For
Financial And Managerial Accounting Information For Decisions
ISBN: 9781259726705
7th Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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