A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to compete. The overhead cost applied to this job is $

overhead cost = $600

Explanation:

given data

overhead rate = $120 per labor hour

time required = 5 hours

to find out

overhead cost

solution

we get here overhead cost that is express as

overhead cost = overhead rate * time required ... 1

put here value and we get

overhead cost = $120 * 5

overhead cost = $600