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Katyanochek1 [597]
3 years ago
13

MC Qu. 111 A company has an overhead application... A company has an overhead application rate of 124% of direct labor costs. Ho

w much overhead would be allocated to a job if it required total labor costing $23,000
Business
1 answer:
Whitepunk [10]3 years ago
7 0

Answer:

$28,520

Explanation:

Calculation to determine How much overhead would be allocated to a job if it required total labor costing $23,000

Using this formula

Overhead=Total Labor Cost x Overhead Application Rate

Let plug in the formula

Overhead=$23,000 x 1.24

Overhead= $28,520

Therefore How much overhead would be allocated to a job if it required total labor costing $23,000 will be $28,520

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A trial balance lists all the accounts as obtained from a firm's general ledger. It sums up the closing balances of all debits on one column and credits on the other. If the debits and credits balance, the firm's ledger book is presumed not to have mathematical errors.

The preparation of a trial balance is at the end of a financial period,  before the main financial statements. It uses the closing balances of the ledger accounts. If some accounts are not closed, then a trial balance will not balance.

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