Goods in process inventory account of a manufacturing company that uses an overhead rate based on the

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Goods in process inventory account of a manufacturing company that uses an overhead rate based on the direct labor cost has a 4,400 debit balance after all posting is completed, the cost sheet of the one job still in process shows direct material cost of 2,000 and direct labor cost of 800. Therefore the companies overhead application rate is?
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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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