Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Overhead cost is applied to units based on direct labour hours. For April, total overhead cost was budgeted at $80,000 based on a denominator activity

Overhead cost is applied to units based on direct labour hours. For April, total overhead cost was budgeted at $80,000 based on a denominator activity level of 20,000 direct labour hours for the month. The standard cost card indicates that each unit of finished product requires 2 direct labour hours. The following data are available for April's activity: Number of Units Produced $9,500 Direct Labour Hours Worked $19,500 Actual Total Overhead Cost Incurred $79,500 What was the amount of total overhead cost applied to production for the month of April?

Multiple Choice

$80,000.

$76,000.

$79,500.

$78,000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Beyond Agile Auditing Three Core Components To Revolutionize Your Internal Audit Practices

Authors: Clarissa Lucas

1st Edition

1950508676, 978-1950508679

More Books

Students also viewed these Accounting questions

Question

What are the steps that the EEOC uses once a charge is filed?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago