Pyramid Company applies overhead at a rate of $3.35 per direct labor hour. Using the data...
Pyramid Company applies overhead at a rate of $3.35 per direct labor hour. Using the data that follows for job 128, determine the cost of overhead applied to job 128.
|
Direct materials |
$3,000 |
|
Direct labor cost |
$5,000 |
|
Direct labor hours |
500 hours |
|
Machine time |
300 hours |
Homework Answers
Overhead applied to job 128 = Pre determined overhead rate * Number of direct labor hours
Putting the values in the above formula, we get,
Overhead applied to job 128 = $3.35 * 500 = $1675
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