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Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The...

Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $320,000 and direct labor hours of 8,600. During the month of February 2019, actual direct labor hours of 8,100 were incurred. Use this information to determine the amount of factory overhead that was applied in February. (round answer to the nearest whole dollar):

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Answer #1

Predetermined Overhead rate = Estimated Overhead Costs / Direct Labor Hours

= $ 320,000 / 8600 hours

= $ 37.20930233 per hour

Factory overhead applied = Predetermined Overhead rate * actual direct labor hours

= $ 37.20930233 per hour * 8,100 direct labor hours

= $ 301,395

Answer : $ 301,395

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