The direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20, and overhead

Question:

The direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20, and overhead is $57.75.
(a) What is the percent content of each element of cost in the product?
(b) What is the overhead percent rate based on direct labour?

Fantastic news! We've Found the answer you've been seeking!