Managerial accounting

Determine and Use Overhead Rate

Determine and Use Overhead Rate Cortez Consulting, Inc. expects the following costs and expenses during the coming year: Direct labor(@$22.50/hr) $81,000 Sales commissions Overhead 18,500 72,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places, if applicable. b. Prepare a general journal entry to apply overhead during an linterim period when 750 direct labor hour General Journal Description Debit Credit c. What amount of overhead would be assigned to job 466, to which s90 in direct labor had been charged Round to two decimal places. f applicable. Save Answers