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ROK Corporation has provided you with the following information for 2010: (hint set up T accounts for all accounts and post the transactions to
ROK Corporation has provided you with the following information for 2010: (hint set up T accounts for all accounts and post the transactions to the T accounts) A. Total Raw Materials Purchased and Used: $10,000 ($8,000 direct and $2,000 indirect) B. Factory Labor Incurred $8,000 ($6,000 direct and $2,000 indirect) C. Manufacturing overhead costs incurred exclusive of indirect materials and indirect labor costs: $1,000 D. Manufacturing Overhead is applied to the product based on 90% of direct labor dollars. E. $15,000 of product was completed during the period. Answer the following questions: 1. How much factory overhead was applied to the product? (i.e. $1,000) $5400
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