NCT Company useswhich applies overhead at the rate of 190% of direct labor cost and...
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Accounting
NCT Company useswhich applies overhead at the rate of 190% of direct labor cost and began its work on June 2020. The work was completed in July and sold during August, having accumulate direct material and labor charges of $27,000 and $15,000, respectively.On the basis of this information the total overhead applied for this work amounted to:
a. $70,500.
b. $28,500.
c. $79,800.
d. $51,300.
Need answers by 11:00am-11:20am today so a very short explanation will do. Thank you
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