ABC Corp. allocates overhead to production on the basis of direct labor costs. If Deltan's total...
ABC Corp. allocates overhead to production on the basis of direct labor costs. If Deltan's total estimated overhead is $450,000 and estimated direct labor cost is $180,000, determine the amount of overhead to be allocated to finished goods inventory. There is $20,000 of total direct labor cost in the jobs in the finished goods inventory. $20,000 $90,000 $70,000 $50,000
Homework Answers
Overhead allocation rate = Estimated overheads/Direct labor Cost
= 450,000/180,000
= 2.5 per Dollar of labor cost
Hence, amount of overhead applied to Finished Goods Inventory = 20,000*2.5 = $50,000
Hence. the answer is $50,000
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