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Triangle Catering Assigns Overhead to Specific Jobs Based on Direct

Question 18

Essay

Triangle Catering assigns overhead to specific jobs based on direct labor hours. At the beginning of the current year, estimated overhead costs were $650,000 and estimated direct labor hours were 50,000. By the end of the year, actual overhead costs were calculated to be $685,000 and actual direct labor hours were 55,000.
Required:
Triangle Catering assigns overhead to specific jobs based on direct labor hours. At the beginning of the current year, estimated overhead costs were $650,000 and estimated direct labor hours were 50,000. By the end of the year, actual overhead costs were calculated to be $685,000 and actual direct labor hours were 55,000. Required:

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