chapter 15 question 13 and 14 company oveard head

13 A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 66,000 Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP ? 2 ? 156,000 76,000 Factory Overhead 154,000 Finished Goods Inventory 56,000 281,000 51,000 Beginning FG 286,000 Ending FG Multiple Choice $154,000. $57.000. $286,000 $281,000. $296,000 Lowden Company has a predetermined overhead rate of 162% and allocates overhead based on direct material cost. During the current period, direct labor cost is $63,000 and direct materials cost is $77,000. How much overhead cost should Lowden Company should apply in the current period? Multiple Choice $124,740 $38,889. $63,000. $77,000 $47.531