Morris company applies overhead based on direct labor costs. for the current year, morris company estimated total overhead costs to be $400,000, and direct labor costs to be $2,000,000. actual overhead costs for the year totaled $380,000, and actual direct labor costs totaled $1,800,000. at year-end, the balance in the factory overhead account is a

a. 17 $380,000 debit balance.

b. $360,000 debit balance

c. $20,000 debit balance

Overhead absorption rate

= Budgeted overhead               x 100

  Budgeted direct labour cost

= $400,000        x 100

   $2,000,000

= 20% of direct labour cost

Overhead applied

= 20% x $1,800,000

= $360,000

The balance in the factory overhead account is $360,000 debit

The correct answer is B

Explanation:

In this case, we need to calculate the overhead application rate, which is the ratio of budgeted overhead to budgeted direct labour cost multiplied by 100. Overhead applied is calculated as overhead application rate multiplied by actual direct labour cost.

this conflict is person vs. society

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hope this ! < 3

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20