Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the work in process inventory account of a manufac

The Work in Process inventory account of a manufacturing company shows a balance of $2,100...

60.1K

Verified Solution

Question

Accounting

The Work in Process inventory account of a manufacturing company shows a balance of $2,100 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $800 and $100 for direct materials and charges of $500 and $600 for direct labour. From this information, what predetermined overhead rate, as a percentage of direct labour costs, does the company appear to be using?

a.

12%

b.

9.09%

c.

8.06%

d.

11%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1 Complete the given proof 3pts Given TRVR S is the midpoint of TV Prove...

Geometry
Q

Mountain pull. A large mountain can slightly affect the direction of “down” as determined by a...

Physics
Q

Describe the techniques used to transmit and distribute HVDC power. Please type answer.

Electrical Engineering
Q

Under normal driving conditions, car tires can generate a fiction coefficient of approximately 0.7. Antilock braking...

Mechanical Engineering
Q

Review the Discussion section of sample student paper. Was her hypothesis supported? Were the findings of...

Psychology
Q

Use the simplex method to solve the linear programming problem. Maximize P = x + 2y + 3z subject...

Advance Math
Q

Power series Find the particular solution of the differential equation: (x^2+1)y"+xy'-4y=0 given the boundary conditions x=0, y=1...

Advance Math
Q

Debate the unethical behaviors found in the accounting profession and your suggestions for prevention of these...

Accounting
Q

Note points are manually assigned after I read your answer In order for Canvas to...

Biology
Q

Determine the Cartesian equation of the plane 0 0 3 1 4 2 1 5...

Calculus
Q

Barber and Atkins are partners in an accounting firm and share net income and loss...

Accounting
Q

Renaldo has pretax book income of $874,000. The following expenses were subtracted in arriving at...

Accounting