John Has Applied Overhead of $80,000 and Actual Overhead of $70,600

question 92

Multiple Choice

John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November.He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.The overhead for the year was estimated to be $1,120,000.How many direct labor hours were estimated for the year?

• A) 225,200
• B) 140,000
• C) 500,000
• D) 150,000
• E) 650,700

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Definitions:

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

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These are activities undertaken by companies or governments in pursuit of new knowledge, innovations, and product development.

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Gross Domestic Product is the sum value of all finished goods and services made within a country's borders over a certain timeframe, measured in monetary terms.

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Nations with highly developed economies, characterized by significant industrial activity, advanced technological infrastructure, and higher standards of living.