In a process system, direct labor and Manufacturing Overhead are normally Select one: a. incurred at the
Question:
In a process system, direct labor and Manufacturing Overhead are normally
Select one:
a. incurred at the end of the process.
b. incurred evenly throughout the process.
c. incurred in full at the beginning of the process.
d. not recorded.
Davy Company had a beginning work in process inventory balance of $32,000. During the year, $54,500 of direct materials was placed into production Direct labor was $63,400, and indirect labor was $19,500. Manufacturing overhead is allocated at 125% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,000 were completed during the year. What is the ending work in process inventory balance?
Select one:
a. $172,400 7
b. $11,400
c. $4.150
d. $79,250 S FI
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins