Overhead is applied based on direct labor hours, Accounting Basics

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Overhead is applied based on direct labor hours

During October 3 jobs are in process. 1, 2 and 3. by the end of the month all three jobs had been completed, with job 3 being sold for 435$. the following costs belong to each job:

Job 1: Job 2: Job 3:
Direct Materials: $ 80 $ 75 $ 85
Direct Labor: 100 110 95
Applied Overhead: 120 132 114
Total: 300 317 294

Overhead is applied based on direct labor hours. what is the overhead rate?

What rate is used to price its jobs?

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Accounting Basics: Overhead is applied based on direct labor hours

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Accounting Basics: Overhead is applied based on direct labor hours

Reference No:- TGS046521

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Recent Questions Asked Accounting Basics

Q : What is their taxable income for 2013

Q : Analyzing operating return on assets

Q : What is alan''s standard deduction for 2013

Q : How many different combinations of three winning tickets

Q : Overhead is applied based on direct labor hours

Q : What is carlita''s taxable income for 2013

Q : Find probability that less customers entering the store

Q : What is daenne''s taxable income for 2013

Q : Exposure to exchange rate risk resulting from project

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Overhead is applied based on direct labor hours

Reference No:- TGS046521

Recent Questions Asked Accounting Basics

Q : What is their taxable income for 2013

Q : Analyzing operating return on assets

Q : What is alan''s standard deduction for 2013

Q : How many different combinations of three winning tickets

Q : Overhead is applied based on direct labor hours

Q : What is carlita''s taxable income for 2013

Q : Find probability that less customers entering the store

Q : What is daenne''s taxable income for 2013

Q : Exposure to exchange rate risk resulting from project

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