A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $40,000? O $10,000 O $32,000 O $50,000 O $250,000 O $500,000

A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $40,000? O $10,000 O $32,000 O $50,000 O $250,000 O $500,000

Name: A company has an overhead application rate of 125% of direct labor co
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Description: A company has an overhead application rate of 125% of direct labor costs. How much overhead would beallocated to a job if it required total labor costing $40,000?O $10,000O $32,000O $50,000O $250,000O $500,000Question 10F6F3#F4$F5A%ØF8&F94 pts

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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10. Ramona Diaz Ltd. produces two products, P1 and P2, at its two departments: Machining and Assembly, as shown in the table below. The accountant tries to allocate overhead costs to the two products. If the accountant decides to allocate overhead based on labor hours, what is P1’s share of the total overhead costs? $180,000 $200,000 $220,000 $240,000
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I just need question 3 answered I already had question 2 answered but thanks in advance.
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O e. $2,636 Company XYZ uses machine hours to allocate its manufacturing overhead. The company estimates that total machine hours to be operated next year are 190,000 hours. The estimated variable overhead is $9 per hour and the estimated fixed overhead costs are $152,000. Calculate the predetermined overhead rate. Select one: O a. $10.80 O b. $9.80 O c. $0.10 O d. $0.80 O e. None of the answers given Finish attempt . ge OADUa Prisc F9 F6 F7 F3 F4 F2 23 24 8 6 3