Homework Answers
Total cost added during July = Ending Balance – Beginning Balance
= 1500-700
= $800
Prime cost = Direct Material + Direct labor
Overhead applied = Total cost – prime cost
= 800-680
= $120
Direct Labor = 680/4 = $170
Direct material = 170*3 = $510
3.Rate = 120/170
= 71%
Rate = 240,000/80,000
= $3 per direct labor hour
2.Overhead applied = 3*8250 = $24,750
3.Year = 3*79600 = $238,800
Unapplied by 246000-238800 = $7,200
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ex.04.38
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