A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.
A) $106,400.
B) $113,120.
C) $30,240.
D) $211,680.
E) $324,800.

Question

A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.   
A) $106,400. 
B) $113,120. 
C) $30,240. 
D) $211,680. 
E) $324,800.

Quizplus · Accepted Answer

The Answer of A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.   
A) $106,400. 
B) $113,120. 
C) $30,240. 
D) $211,680. 
E) $324,800.

A Company's Overhead Rate Is 60% of Direct Labor Cost