Given Direct Material and Direct labor of 78,000 & 62,000 respectively.
Overheads are to be calculated based on the direct material.
Given predetermined overhead rate is 161% of direct material.
Direct material = 78,000
Overheads = 78,000*161% = 125,580.
So, option 3 is correct.
Option 1,2,4 and 5 are incorrect.
Apple Tree Enterprises allocated overhead based on direct material cost and has a predetermined overhead rate...
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Save & Exit Lowden Company has a predetermined overhead rate of 160% and allocates overhead based on direct material cost. During the current period, direct labor cost is $50,000 and direct materials cost is $80,000. How much overhead cost should Lowden Company should apply in the current period?
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