Only one job remains in work in process inventory at year$-$end. Its direct materials cost is $$30,000.$ How much direct labor

cost and applied overhead are assigned to this job?Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year$-$end, the Work in Process Inventory account

shows the following.

Determine the predetermined overhead rate used $($based on direct materials cost$).$

Only one job remains in work in process inventory at year$-$end. Its direct materials cost is $$30,000.$ How much direct labor cost

and applied overhead are assigned to this job?

Complete this question by entering your answers in the tabs below.

Determine the predetermined overhead rate used $($based on direct materials cost$).$