Question: Agee Machining had one job in Work in Process Inventory at the beginning of the month, job number 1376. The costs incurred to date on
Agee Machining had one job in Work in Process Inventory at the beginning of the month, job number 1376. The costs incurred to date on that job included $17,500 in direct materials, $22,000 in direct labor, and $33,000 in overhead. During the month, Agee added $1,000 in direct materials and $7,000 in direct labor. If Agees predetermined overhead rate is 160% of direct labor costs, how much overhead should be applied to job 1376 for the month?
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