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Ivanshal [37]
1 year ago
6

A company has an overhead application rate of 124% of direct labor costs. How much overhead would be allocated to a job if it re

quired total labor costing $24,000?
a. $29760
b. $14,880
c. $24,000
d. $297600.
e. $19,355
Business
1 answer:
Fudgin [204]1 year ago
7 0

$29760, overhead would be allocated to a job if it required total labor costing $24,000. Thus, option (a) is correct.

What is labor?

The term “labor” refers to the work involved in the provision of the services. Labor is the exchange of the services of money. Labor is an important part of the economy. Labor is to produce goods and services for the industry.

Determining the overhead:-

A company overhead application rate of 124%.

The total labor costing $24,000.

How much overhead = ?

Total overhead applied would be equal to

=(124% × $24000)

which is equal to

=$29760.

As a result, the overhead of labor are, $29760. Therefore, option (a) is correct.

Learn more about on labor, here:

brainly.com/question/14348614

#SPJ1

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