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Question 2. (5 marks) AirAsia applies overhead based on direct labour dollars in their Assembly Division. The company has budgeted 50,000 direct labour hours at
Question 2. (5 marks) AirAsia applies overhead based on direct labour dollars in their Assembly Division. The company has budgeted 50,000 direct labour hours at a cost of $10 per hour and manufacturing overhead of S750,000 in the Assembly Division for the year. a.) What is the overhead applied to a job which requires direct labor costs of $2400? b.) Record the journal entry of overhead applied to job
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