A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the
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Question:
A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.
Work in Process InventoryBeginning WIP100,800Direct Materials?Direct Labor?Applied Overhead?To Finished Goods?Ending WIP131,040Factory Overhead100,80090,720Finished Goods InventoryBeginning FG118,200324,800301,000Ending FG142,000
Multiple Choice
- $324,800.
- $211,680.
- $30,240.
- $113,120.
- $106,400.
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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