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Help with Question 6. for correct answer. Selected ledger accounts for Realm Company are given below for the just-completed year Raw Materials Bal. 1/1 41,000
Help with Question 6. for correct answer.
Selected ledger accounts for Realm Company are given below for the just-completed year Raw Materials Bal. 1/1 41,000 475,000 Credite Debita Bal,31/12 82,000 Manufacturing overhead Debita 427,400 Credits 7 Work in Process Credite Bal. 1/1 86,500 904,100 Direct 342,000 materialn Direct labour 132, 000 444,600 Overhead Bal, 31/12 Factory Wages Payable Debita 206,500 Bal. 1/1 21,000 202,500 Credits Bal. 31/12 17,000 Finiahed Goods Bal. 1/1 Credit 59,800 Debits Bal. 31/12 163,000 Cost of Goods Sold Debits 6. If overhead is applied to production on the basis of direct materlals cost, what rate was in effect during the year? Predetermined 336 % overhead rate
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