A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the
Question:
A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.
A. $106,400.
B. $113,120.
C. $ 30,240.
D. $211,680.
E. $324,800.
Transcribed Image Text:
Goods in Process Inventory Beg. Bal. 100,800 Finished Goods Inventory Beg. Bal. 118,200 D.M. 324,800 301,000 D.L. F. G. O.H. End. Bal. 131,040 End. Bal. 142,000 Factory Overhead 93,240 90,720
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Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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