A companys ending inventory of finished goods has a total cost of $10,000 and consists of 500
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A company’s ending inventory of finished goods has a total cost of $10,000 and consists of 500 units. If the overhead applied to these goods is $4,000, and the predetermined overhead rate is 80% of direct labor costs, how much direct materials cost was incurred in producing these 500 units?
a. $10,000
d. $5,000
b. $6,000
e. $1,000
c. $4,00
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Financial And Managerial Accounting Information For Decisions
ISBN: 9781259726705
7th Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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