Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multiple Choice Question 81 A company expected its annual overhead costs to be $1500000 and direct labor costs to be $600000. Actual overhead was $1200000,

image text in transcribed

image text in transcribed

Multiple Choice Question 81 A company expected its annual overhead costs to be $1500000 and direct labor costs to be $600000. Actual overhead was $1200000, and actual labor costs totaled $800000. How much is the company's predetermined overhead rate to the nearest cent? O $2.50 O $1.50 $1.88 O $2.00 Multiple Choice Question 97 Marigold Corp. applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 250, the only job still in process at the end of August, has been charged with manufacturing overhead of $6300. What was the amount of direct materials charged to Job 250 assuming the balance in Work in Process inventory is $15000? O $1700 6300. $7000. O $15000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th edition

470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144

More Books

Students also viewed these Accounting questions

Question

analyze file formats and basic digital design rules.

Answered: 1 week ago