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The Following Information Is Provided for the Year -Refer to the Figure

Question 1

Multiple Choice

The following information is provided for the year:
 Actual direct labour hours worked 36,000 Budgeted overhead $300,000 Budgeted direct labour hours 30,000 Actual overhead costs incurred $360,000\begin{array}{lr}\text { Actual direct labour hours worked } & 36,000 \\\text { Budgeted overhead } & \$ 300,000 \\\text { Budgeted direct labour hours } & 30,000 \\\text { Actual overhead costs incurred } & \$ 360,000\end{array}
-Refer to the figure.If normal costing is used,what is the amount of overhead applied for the year?


A) $299,880
B) $300,000
C) $360,000
D) $380,000

Correct Answer:

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