A company estimated $420,000 of factory overhead cost and 28,000 direct labor hours for the period. During the period, a job was completed with $9,000 of direct materials and 700 hours of direct labor. The direct labor rate was $15 per hour. What is the factory overhead applied to the job? Group of answer choices $4,200 $78,750 $10,500 $420,000
A company estimated $420,000 of factory overhead cost and 28,000 direct labor hours for the period. During the period, a job was completed with $9,000 of direct materials and 700 hours of direct labor. The direct labor rate was $15 per hour. What is the factory overhead applied to the job? Group of answer choices $4,200 $78,750 $10,500 $420,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company estimated $420,000 of factory overhead cost and 28,000 direct labor hours for the period. During the period, a job was completed with $9,000 of direct materials and 700 hours of direct labor. The direct labor rate was $15 per hour. What is the factory overhead applied to the job?
Group of answer choices
$4,200
$78,750
$10,500
$420,000
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