Question: 4) Olympia Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of 2014, Olympia estimated total

4) Olympia Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of 2014, Olympia estimated total manufacturing overhead costs at $1,130,000 and total direct labor costs at $740,000. In June, 2014, Job 511 was completed. Job stats are as follows: Direct materials cost Direct labor cost Direct labor hours Units of product produced $35,500 $17,300 350 hours 240 What is the amount of manufacturing overhead costs allocated to Job 511

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