MT425:Calculate overhead allocation rates based on direct labor hours, direct labor cost, and

MT425 / MT 425 Managerial Finance and Accounting Kaplan University (KU Campus) James JiambalvoManagerial Accounting, 4e Hoboken, NJ: John Wiley & Sons.
Unit 2: Accounting, Management, and Cost DecisionsChapter 2, Exercise 2-10 Overhead Allocation Bases [LO 7] Lawler Manufacturing Company expects annual manufacturing overhead to be $900,000. The company also expects 60,000 direct labor hours costing $1,800,000 and machine run time of 30,000 hours. Required Calculate overhead allocation rates based on direct labor hours, direct labor cost, and machine time.