Chapters $2$ and $3-$Example $-$ Accounting $208$ Handout $1$

The Knack Company applies overhead to product based on direct labor cost. The estimated overhead for the year $2020$ is $$9,600$ and the estimated direct labor cost for $2020$ is $$12,000.$ Actual transactions for $2019$ are as follows:

Purchased materials of $$4,000.$

Used direct materials as follows:

$\backslash$table$[[$Job $101,$$$600,],[$Job $102,$$$200$