Question
The following T-accounts have been constructed from last year's records at C&C Manufacturing: Raw Materials Bal 10,000 (b) 252,000 (a) 247,000 5,000 Work In Process
The following T-accounts have been constructed from last year's records at C&C Manufacturing:
| Raw Materials | |||
| Bal | 10,000 | (b) | 252,000 |
| (a) | 247,000 | ||
| 5,000 | |||
| Work In Process | |||
| Bal | 6,000 | (f) | 506,000 |
| (b) | 161,000 | ||
| (c) | 154,000 | ||
| (e) | 192,500 | ||
| 7,500 | |||
| Finished Goods | |||
| Bal | 0 | (g) | 500,000 |
| (f) | 506,000 | ||
| 6,000 | |||
| Manufacturing Overhead | |||
| (b) | 91,000 | (e) | 192,500 |
| (c) | 26,000 | ||
| (d) | 78,000 | ||
| 195,000 | 192,500 | ||
| 2,500 | (h) | 2,500 | |
| Cost of Goods Sold | |||
| (g) | 500,000 | ||
| (h) | 2,500 | ||
C&C Manufacturing uses job-order costing with a predetermined overhead rate and applies manufacturing overhead to jobs based on direct labor costs. What is the predetermined overhead rate?
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
