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On January 1, 2020, X Company estimated the following costs for the year: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent
On January 1, 2020, X Company estimated the following costs for the year: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent Sales salaries Factory insurance $ 64,000 70,000 21,600 30,600 44,900 48,700 50,000 63,800 X Company also estimated 5,000 direct labor hours and 64,000 machine hours for the year. The company uses a plantwide overhead allcoation system, with direct labor hours as the cost driver. If the direct labor cost for one of its products was $7,000, and the product required 550 direct labor hours, how much overhead was allocated to it (round overhead rate(s) to two decimal places)? A: $5,943 B: $8,617 C: $12,494 D: $18,117 E: $26,270 F: $38,091 Submit Answer Tries 0/99
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