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The following information is provided for the year: Actual direct labor hours worked 36,000 Budgeted overhead $300,000 Budgeted direct labor hours 30,000 Actual overhead costs
The following information is provided for the year:
Actual direct labor hours worked | 36,000 |
Budgeted overhead | $300,000 |
Budgeted direct labor hours | 30,000 |
Actual overhead costs incurred | $360,000 |
1a. Refer to the information above. If the primary driver of overhead cost is DLHs, the amount of overhead applied for the year is [Ans $360,000]
1b. Refer to the information above. The overhead rate for applying manufacturing overhead is [Ans: $10]
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