Compute the amount of overhead applied to jobs


Hancock Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Hancock estimated total overhead of $299,600; materials of $404,000 and direct labor of $214,000. During the year Hancock incurred $412,000 in materials costs, $412,600 in overhead costs and $218,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year.

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Accounting Basics: Compute the amount of overhead applied to jobs
Reference No:- TGS0706817

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