For Jacobs Company the Predetermined Overhead Rate Is 70% of Direct

Multiple Choice

For Jacobs Company the predetermined overhead rate is 70% of direct labor cost.During the month $600000 of Factory Labor was incurred of which $140000 is indirect labor.Actual overhead incurred was $320000.The amount of overhead added to Work in Process Inventory should be:

A) $322000
B) $320000
C) $420000
D) $460000