Homework Answers
Applied overhead = $97,830
Finished goods transferred from work in process = $350,900
Direct labor cost = $97,830 / 60% = $163,050
Direct material used:
= Finished goods transferred from work in process + Ending WIP - Beginning WIP - Direct labor - Applied overhead
= $350,900 + $141,400 - $108,700 - $163,050 - $97,830
= $122,720
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A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts,...
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A company’s overhead rate is 200% of direct labor cost. Using
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