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Compute the amount of overhead applied to jobs

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Question - Hancock Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Hancock estimated total overhead of $276,900; materials of $403,000 and direct labor of $213,000. During the year Hancock incurred $411,000 in materials costs, $412,500 in overhead costs and $217,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year.

$423,750.

$412,500.

$282,100.

$276,900.

$412,490.

Reference no: EM132004155

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