Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Lowden Company has an overhead application rate of 158% and allocates overhead based on direct material cost

Lowden Company has an overhead application rate of 158% and allocates overhead based on direct material cost

Accounting

Lowden Company has an overhead application rate of 158% and allocates overhead based on direct material cost. During the current period, direct labor cost is $68,000 and direct materials used cost $72,000. Determine the amount of overhead Lowden Company should record in the current period.

$45,570.

$113,760.

$43,038.

$68,000.

$72,000.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Answer:

 

$113,760.  
Statement showing computations  
Particulars Amount
direct materials used cost      72,000.00
overhead application rate based on DM Cost 158%
amount of overhead Lowden Company should record = 72,000*158%    113,760.00
 

Related Questions