1. For Marigold Corp., the predetermined overhead rate is 70% of direct labor cost. During the month, $500000 of factory labor costs are incurred of which $210000 is indirect labor. Actual overhead incurred was $240000. The amount of overhead debited to Work in Process Inventory should be:

$350000

$290000

$240000

$203000

2. For Marigold Corp., the predetermined overhead rate is 70% of direct labor cost. During the month, $500000 of factory labor costs are incurred of which $210000 is indirect labor. Actual overhead incurred was $240000. The amount of overhead debited to Work in Process Inventory should be:

$350000

$290000

$240000

$203000