Norah Industries allocates overhead at a fixed rate of $32 per hour based on direct labor hours. During the month, the total overhead incurred was $192,000, and the total direct labor hours worked was 4,800. Job number 7-45 had 560 hours of direct labor. What is the amount of overhead allocated to job 7-45? a. $20,000 b. $17,920 c. $15,000 d. $12,500

Norah Industries allocates overhead at a fixed rate of $32 per hour based on direct labor hours. During the month, the total overhead incurred was $192,000, and the total direct labor hours worked was 4,800. Job number 7-45 had 560 hours of direct labor. What is the amount of overhead allocated to job 7-45? a. $20,000 b. $17,920 c. $15,000 d. $12,500

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 3EB: A company estimated 50,000 direct labor hours and $450,000 in overhead. The actual overhead was...

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