DuraPlastics Inc. recorded the following activity in work-in-process inventory during July: DuraPlastics uses normal costing. The activity

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DuraPlastics Inc. recorded the following activity in work-in-process inventory during July:

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DuraPlastics uses normal costing. The activity base used to apply manufacturing overhead is direct labor hours.

a. What was the predetermined overhead rate used by DuraPlastics?

b. Assume 800 units were produced during July. What was the cost of one unit?

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Managerial Accounting Information For Decisions

ISBN: 9780324222432

4th Edition

Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill

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Question Posted: Jun 05, 2024 01:02 AM

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DuraPlastics Inc. recorded the following activity in work-in-process inventory during July: DuraPlastics uses normal costing. The activity

Question:

Direct labor (300 hours) Direct materials Manufacturing overhead applied $3,000 5,000 2,400

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Managerial Accounting Information For Decisions

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