Calculate overhead applied to production

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Reference no: EM132724963

Question - Calculate overhead applied to production in each of the following situations. Show all the workings in your answers.

1. Direct labour cost incurred is $45,000. Overhead is applied at a rate of 50% of direct labour cost.

2. Overhead is applied at a rate of 120% of direct labour cost. Direct labour costs incurred are $335,000.

3. Conversion costs amount to $297,000. Overhead is applied at a rate of 80% of direct labour cost.

4. Conversion costs amount to $462,500. Overhead is applied at a rate of 150% of direct labour cost.

Reference no: EM132724963

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