Overhead is applied at 58 of professional labor cost how


Petrie Financial Services provides finance and accounting consulting services to clients. Petrie incurred 110 hours of labor for Layline Corp. at a cost of $85 per hour, and billed Layline $165 per hour. Overhead is applied at 58% of professional labor cost. How much is the cost of the Layline client using traditional costing?

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Accounting Basics: Overhead is applied at 58 of professional labor cost how
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