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Determine and Use Consulting Rate Oxford Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@ $10/hr.) $1,008,000 Sales commissions
Determine and Use Consulting Rate Oxford Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@ $10/hr.) $1,008,000 Sales commissions 216,000 Overhead 1,134,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places if applicable. 0 b. Prepare a general journal entry to apply overhead during an interim period when 10,500 direct labor hours were worked. General Journal Credit Description Debit 0 c. What amount of overhead would be assigned to Job 325, to which $912 in direct labor had been charged? Round to two decimal places, if applicable. 0
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