A company allocates overhead to production on the basis of direct labor cost. If the company's total estimated overhead is $870,000 and estimated direct labor cost is $1,160,000, determine the amount of overhead to be allocated to finished goods inventory. There is $791,000 of total direct labor cost in the jobs in the finished goods inventory. $1,054,667 $593,250 $1,275,853 $1,079,482 $79,000

A company allocates overhead to production on the basis of direct labor cost. If the company's total estimated overhead is $870,000 and estimated direct labor cost is $1,160,000, determine the amount of overhead to be allocated to finished goods inventory. There is $791,000 of total direct labor cost in the jobs in the finished goods inventory.
    $1,054,667
    $593,250
    $1,275,853
    $1,079,482
    $79,000

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