Chipman Corporation expects to incur ($300,000) of factory over-head and ($500,000) of general and administrative costs next

Question:

Chipman Corporation expects to incur $$300,000$ of factory over-head and $$500,000$ of general and administrative costs next year. Direct labor costs at $$25$ per hour are expected to total $$500,000$. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 100 hours of direct labor?

Fantastic news! We've Found the answer you've been seeking!