Urban Transit Authority (UTA) runs a mass transit system in a large metropolitan area. UTA applies the costs of its services to each bus route. The variable overhead application rate is $6/hour. The standard route takes 2 hours to complete. This year, the company ran 48,000 routes, averaged 2.10 hours per route, and incurred $598,000 in variable overhead costs.
What is the entry to record variable overhead applied throughout the period?

Question

Urban Transit Authority (UTA) runs a mass transit system in a large metropolitan area. UTA applies the costs of its services to each bus route. The variable overhead application rate is $6/hour. The standard route takes 2 hours to complete. This year, the company ran 48,000 routes, averaged 2.10 hours per route, and incurred $598,000 in variable overhead costs. 
What is the entry to record variable overhead applied throughout the period?

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The Answer of Urban Transit Authority (UTA) runs a mass transit system in a large metropolitan area. UTA applies the costs of its services to each bus route. The variable overhead application rate is $6/hour. The standard route takes 2 hours to complete. This year, the company ran 48,000 routes, averaged 2.10 hours per route, and incurred $598,000 in variable overhead costs. 
What is the entry to record variable overhead applied throughout the period?

Urban Transit Authority (UTA) Runs a Mass Transit System in a Large