Question 1 The following budget data are available for Sharp Company: Estimated direct labor hours 12,000 Estimated direct labor dollars $90,000 Estimated factory overhead costs $180,000 Actual direct labor hours 11,500 Actual direct labor dollars $92,000 Actual factory overhead costs $181,000 If factory overhead is applied based on direct labor hours, the amount of overhead to be applied is Formula: Est. OH/Est. DLH-POH Rate : POH Rate x Actual DLH = OH Applied a. $181,000 b. $184,000 O c. $180,000 O d. $172,500