kennycooper6163 kennycooper6163

01-07-2021
Business

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A company has an overhead application rate of 124% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $24,000?

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Tundexi Tundexi

01-07-2021

Answer:

$29,760

Explanation:

Overhead application rate = 124% of direct labor cost

The required total labor costing = $24,000

Total overhead applied = Overhead application rate * $24,000

Total overhead applied = 124% * $24000

Total overhead applied = $29,760

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