Millenium Manufacturing is considering two methods for applying overhead. Estimated data for t next year, 2019, follows.

1. What is the overhead application rate based on direct labor costs?
2. What would be the overhead application rate based on direct labor hours?
3. If a job requires 720 hours of direct labor, what is the amount of overhead applied to the job usin the rate based on direct labor hours?

Question

Millenium Manufacturing is considering two methods for applying overhead. Estimated data for t next year, 2019, follows.
  
1. What is the overhead application rate based on direct labor costs?
2. What would be the overhead application rate based on direct labor hours?
3. If a job requires 720 hours of direct labor, what is the amount of overhead applied to the job usin the rate based on direct labor hours?

Quizplus · Accepted Answer

The Answer of Millenium Manufacturing is considering two methods for applying overhead. Estimated data for t next year, 2019, follows.
  
1. What is the overhead application rate based on direct labor costs?
2. What would be the overhead application rate based on direct labor hours?
3. If a job requires 720 hours of direct labor, what is the amount of overhead applied to the job usin the rate based on direct labor hours?

Millenium Manufacturing Is Considering Two Methods for Applying Overhead