Total variable overhead estimated=(20,000*1.5)=$30,000
Total overhead estimated=Total variable overhead estimated+Total fixed overhead estimated
=30,000+140,000=$170,000
Predetermined overhead rate=Total overhead estimated/Estimated direct labor hours
=170,000/20,000=$8.5 per labor hour
Hence overhead applied=Predetermined overhead rate*Actual direct labor hours
=(8.5*30)
=$255
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required...
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