Lowden Company has an overhead application rate of 162% and allocates overhead based on direct material cost. During the current period, direct labor cost is $63,000 and direct materials used cost $77,000. Determine the amount of overhead Lowden Company should record in the current period. Multiple Choice
$38,889.
$124,740.
$77,000.
$47,531.
$63,000.
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Home » Business » Lowden Company has an overhead application rate of 162% and allocates overhead based on direct material cost. During the current period, direct labor cost is $63,000 and direct materials used cost $77,000.