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Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year): Materials Inventory
Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year): Materials Inventory Feb. 1 balance February debits February debits Feb. 1 balance February debits: Direct material Direct Labor Man, overhead February debits Feb, 1 balance February debits $ 31,500 104,000 $ Manufacturing Overhead Feb. 1 balance February credits 163.350 February credits Work in Process Inventory 22,400 95,000 151,500 166,650 193,500 February credits Wages Payable Feb. 1 balance February credits Finished Goods Inventory 76,500 375,000 February credits 105,000 11,600 166,650 375,000 45,000 185,000 a. Determine the amount of indirect material requisitioned for production during February. 386,000 b. How much indirect labor cost was apparently incurred during February?
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