Question: The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor cost is $55,000 and direct materials cost is $85,000,


The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor cost is $55,000 and direct materials cost is $85,000, how much overhead should be applied? 59 Multiple Choice $55,000. $136,000 $53,125 $34,375. Droit 14 View previous attempt D . 25:36 Job 100 was ordered by a customer on March 25. During the month of March, the job required: $1,900 of direct materials and $3,400 of direct labor In April, the job required an additional: $2,400 of direct materials and $5,900 of direct labor. Overhead is applied at the end of each month as 150% of direct labor. What was the total amount added to Work in Process for Job 100 during April? . Multiple Choice $13,600 $17,150 View previous attempt Overhead is applied on the basis of direct labor costs. For the year, cost estimates were: $420,000 for overhead and $2,100,000 for direct labor. Actual costs for the year ended up being: $395,000 for overhead and $1,850,000 for direct labor. At year-end, the balance in the Factory Overhead account is: . Multiple Choice Neither overapplied nor underapplied. Overapplied by $25,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
