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dexar [7]
2 years ago
8

The Work in Process Inventory account of a manufacturing company has a $3,550 debit balance. The company applies overhead using

direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1,610 and direct labor cost of $870. Therefore, the amount of applied overhead is:
Business
1 answer:
DanielleElmas [232]2 years ago
5 0

Answer:

$1,070

Explanation:

Calculation to determine the amount of applied overhead is:

Using this formula

Applied overhead = Total cost of WIP - Direct materials - Direct labor

Let plug in the formula

Applied overhead= $3,550 - $1,610 - $870

Applied overhead=$1,070

Therefore the amount of applied overhead is:$1,070

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