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For Wilton Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $720,000 of factory labor costs are incurred of which
For Wilton Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $720,000 of factory labor costs are incurred of which $200,000 is indirect labor. Actual overhead incurred was $360,000. The amount of overhead applied to Work in Process Inventory should be: Select one: O a. $364,000 O b. $360,000 O c. $504,000 d. $520,000 At the beginning of the year, Monroe Company estimates annual overhead costs to be $2,400,000 and that 300,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 315,000 hours is Select one: O A. $2,400,000 O B. $2,285,714 O C. $2,520,000. O D. $1,680,000 Greer Company developed the following data for the current year: Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs $ 136,000 208,000 176,000 184,000 900,000 856,000 How much is Greer Company's ending work in process inventory for the year? Select one: O a. $92,000 b. $484,000 O c. $84,000 O d. $372,000
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