Question
A company's overhead rate is 200% of direct labor cost. Using the following unfinished accounts, determine the cost of direct materials used. Work in Process
A company's overhead rate is 200% of direct labor cost. Using the following unfinished accounts, determine the cost of direct materials used.
Work in Process Inventory
Beginning WIP 55,000
Direct Materials ?
Direct Labor ?
Applied Overhead ?
To Finished Goods ?
Ending WIP 65,000
Factory Overhead
Beginning FG 45,000
270,000 275,000
Ending FG 40,000
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Management Accounting
Authors: Anthony A Atkinson, Robert S Kaplan
5th Edition
136005314, 978-0136005315
