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A Company, which applies overhead at the rate of 170% of direct material cost, began work on job no. 101 during June. The job was
A Company, which applies overhead at the rate of 170% of direct material cost, began work on job no. 101 during June. The job was completed in July and sold during August, having accumulated direct material and labor charges of $25,000 and $12,000, respectively. On the basis of this information, the total overhead applied to job no. 101 amounted to:
1. $42500
2. $57400
3. $62900
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