Homework Answers
Answer- b. $99,960.
Explanation-
overhead applied to work in progress = 120% of Direct Labor cost
= 120% of $83,300 (see note below)
=$99,960. Answer.
Note for calculation of Direct Labor Cost.
Direct Labor Cost = Total direct labour hour × Rate per hour
= (2,500 +3,100+ 4,200 ) × $8.50
= 9,800 hours × $ 8,50 per hour.
= $ 83,300.
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