Business, 06.06.2020 22:03 davidb1113

Alam Company is a manufacturing firm that uses job-order costing. The company applies overhead to jobs using a predetermined overhead rate of 150% of direct labor cost. At the beginning of the year, the company estimated that it would incur $150,000 in manufacturing overhead cost. Additional Information: Raw materials used in production: $111,000. Actual manufacturing overhead incurred was $140,000. Direct labor cost incurred in 2017 was $100,000. How much overhead was applied to production during the year?

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