Question
The Milo Company's records for May contain the following information: Actual direct labour hours 9,000 hours Actual direct labour cost $47,000 Direct material purchased $16,000
The Milo Company's records for May contain the following information:
Actual direct labour hours 9,000 hours Actual direct labour cost $47,000 Direct material purchased $16,000 Direct material used $14,000 Cost of goods sold $100,000 Overapplied overhead $5,000 Ending inventories:
Raw materials $30,000 Work in process 50,000 Finished goods 70,000 The company uses a predetermined overhead rate of $5.00 per direct labour hour to apply manufacturing overhead to jobs.
What was the total cost added to Work in Process during May?
$61,000.
$101,000.
$111,000.
$106,000.
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