Overhead is applied based on direct labor hours. what is, Ask an Expert

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During October 3 jobs are in process. 1, 2 and 3. by the end of the month all three jobs had been completed, with job 3 being sold for 435$. the following costs belong to each job:

Job 1: Job 2: Job 3:
Direct Materials: $ 80 $ 75 $ 85
Direct Labor: 100 110 95
Applied Overhead: 120 132 114
Total: 300 317 294

Overhead is applied based on direct labor hours. what is the overhead rate?

What rate is used to price its jobs?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946521

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