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During November, $85,000 In raw materials (all direct materials) were drawn from Inventory and used in production. The company^'s predetermined overhead rate was $7 per
During November, $85,000 In raw materials (all direct materials) were drawn from Inventory and used in production. The company^'s predetermined overhead rate was $7 per direct labor-hour, and it paid its direct labor workers $9 per hour. A total of 500 hours of direct labor time had been expended on the jobs in the beginning Work in Process Inventory account. The ending Work in Process Inventory account contained $10,000 of direct materials cost. The Corporation Incurred $60,000 of actual manfacturing overhead cost during the month and applied $55,000 in manufacturing overhead cost. The direct materials cost in the November 1 Work in Process inventory account totaled: $12,500 $58,000 $11,500 $4,500
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