Homework Answers
Ans:a.$3.28 is Correct Answer
Working:
Total labor hours = total labor cost / labour rate
= [348,243+529,565] / 11
= 79,800.73 labour hours
Overhead allocation rate
= total overhead cost / total labor hours
= [ 61,111+121,374+79,587] /79800.73
= $3.2841=$3.28 (If rounded off)
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