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Ridgeway Corporation uses direct labor hours to allocate overhead to Work-in-Process. The company's budgeted overhead is $420,000 and it expects to produce 40,000 vases this
Ridgeway Corporation uses direct labor hours to allocate overhead to Work-in-Process. The company's budgeted overhead is $420,000 and it expects to produce 40,000 vases this period. It takes 2 direct labor hours to produce one vase. If 60,000 direct labor hours are actually worked during the period, how much overhead should be allocated to the Work-in-Process inventory?
$210,000
$315,000
$420,000
$630,000
None of these.
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