Question

Find the rate percent per annum 4000rs will give 630.50rs as comppund interest in9 months , interest being compounded quarterly

Answer 1

Divide total overhead (calculated in Step 1) by the number of direct labor hours. Therefore, for every hour of direct labor needed to make books, Band Book applies $25 worth of overhead to the product. Multiply the overhead allocation rate by the number of direct labor hours needed to make each product.