Thrall Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Recently Job K125 was completed and required 160 machine-hours.
Required:
Calculate the amount of overhead applied to Job K125.
Definitions:
Indirect Labor
Labor costs not directly tied to the production of goods or services, such as maintenance or administrative staff.
Manufacturing Process
A sequence of operations or steps involved in producing a product, from raw material to finished goods.
Workers
Individuals engaged in physical or mental effort to achieve a purpose or produce something, typically in exchange for wages.
Unspecified Labor
Work or labor contributions that are not clearly defined or categorized within a project or operational activity.
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