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A company has an overhead application rate of 124% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $24,000?
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A company has an overhead application rate of 124% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $24,000?

User Nathen
by
3.5k points

1 Answer

6 votes

Answer:

$29,760

Step-by-step explanation:

Overhead application rate = 124% of direct labor cost

The required total labor costing = $24,000

Total overhead applied = Overhead application rate * $24,000

Total overhead applied = 124% * $24000

Total overhead applied = $29,760

User Ibrahim Yildirim
by
3.3k points
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