A company has an overhead application rate of 124 of direct

A company has an overhead application rate of 124% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $24,000? O $29760 O $14,880 O $24,000 O $297600. O $19,355

Solution

Total overhead applied would be equal to

=(124%*$24000)

which is equal to

=$29760.