Champs Inc. applies overhead at the rate of 80%. The applied overhead rate is determined using...
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Champs Inc. applies overhead at the rate of 80%. The applied overhead rate is determined using Direct Labor as the cost driver. At the end of the month Job No. 130, the only job still in process, has been charged with manufacturing overhead of $6,400. If the balance in Work in Process is $20,000, what was the amount of direct materials charged to Job 130? Champs Inc. applies overhead at the rate of 80%. The applied overhead rate is determined using Direct Labor as the cost driver. At the end of the month Job No. 130, the only job still in process, has been charged with manufacturing overhead of $6,400. If the balance in Work in Process is $20,000, what was the amount of direct materials charged to Job 130?
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1 Predetermined overhead rate 80 of direct labor cost For Job 13... View the full answer
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-1305103962
6th edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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