Question: Please help, DO NOT do it if you don't know it. Thanks The predetermined overhead rate for Wayne Manufacturing is 70% of direct labor cost.

Please help, DO NOT do it if you don't know it. Thanks

The predetermined overhead rate for Wayne Manufacturing is 70% of direct labor cost. During November, $720,000 of factory labor costs are incurred of which $200,000 is indirect labor. Actual overhead incurred was $360,000. The amount of overhead debited to Work in Process Inventory should be: 1) $504,000 2) $360,000 3) $520,000 4) $364,000

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