A company imposes overhead on jobs directly based on working hours. The following information relates to the
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Question:
A company imposes overhead on jobs directly based on working hours. The following information relates to the overhead application rate:
Estimated total overhead cost for next year = $500,000
Estimated direct labor hours for next year = 50,000 hours
Estimated direct labor cost for next year = $1 million
What is the company's overall application rate?
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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