Micro Enterprises planned to produce 120,000 lerts per year.Annual overhead,of which 32.5% is variable,is estimated at $320,400.Each lert takes 1.2 machine hours and 3 labor hours to produce.The firm allocates overhead by direct labor hours. In February,when 11,000 lerts were produced,32,000 direct labor hours were recorded and expenditures on overhead amounted to $29,650.Which is true for this month? (Do not round your intermediate calculations. )

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The Answer of Micro Enterprises planned to produce 120,000 lerts per year.Annual overhead,of which 32.5% is variable,is estimated at $320,400.Each lert takes 1.2 machine hours and 3 labor hours to produce.The firm allocates overhead by direct labor hours. In February,when 11,000 lerts were produced,32,000 direct labor hours were recorded and expenditures on overhead amounted to $29,650.Which is true for this month? (Do not round your intermediate calculations. )

Micro Enterprises Planned to Produce 120,000 Lerts Per Year