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Gallow Industries prepared a fixed budget of 60,000 direct labor hours, with estimated overhead costs of $300,000 for variable overhead and $90,000 for fixed overhead.

Gallow Industries prepared a fixed budget of 60,000 direct labor hours, with estimated overhead costs of $300,000 for variable overhead and $90,000 for fixed overhead. Gallow then prepared a flexible budget at 57,000 labor hours. How much is total overhead costs at this level of activity? 01) $390,000 02) $375,000 03) $370,500 04) $285,000

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