Nil co. uses a predetermined factory overhead application rate based on direct labor cost. for the year ended december 31, nil's budgeted factory overhead was $600,000, based on a budgeted volume of 50,000 direct labor hours, at a standard direct labor rate of $6 per hour. actual factory overhead amounted to $620,000, with actual direct labor cost of $325,000. for the year, overapplied factory overhead was
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Home » Business » Nil co. uses a predetermined factory overhead application rate based on direct labor cost. for the year ended december 31, nil's budgeted factory overhead was $600,000, based on a budgeted volume of 50,000 direct labor hours, at a standard direct