(Cost flows) Custom Landscapes began operations on March 1, 2001. Its Work in Process Inventory account on...
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(Cost flows) Custom Landscapes began operations on March 1, 2001. Its Work in Process Inventory account on March 31 appeared as follows:
The company applies overhead on the basis of direct labor cost. Only one job was still in process on March 31. That job had $132,600 in direct material and $93,600 in direct labor cost assigned to it.
a. What was the predetermined overhead application rate?
b. How much cost was transferred out for jobs completed during March?
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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