If the overhead rate is $10 per machine hour and there are 20 labor hours, 16 machine hours, and two personnel on the job, how much overhead should be applied to the job?
Answer:
Overheads to be applied to the job = $160
Explanation:
Given,
Overhead rate = $10 per machine hour
Also given, there are 20 labour hours , 16 machine hours and two personnel on the job.
But we have to consider only machine hours as it is clearly given that the overhear rate is $10 per machine hour.
:. Total Overheads = Rate * Machine Hours
= $10 * 16
= $160
If the overhead rate is $10 per machine hour and there are 20 labor hours, 16...
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