The Work in Process inventory account of a manufacturing Corporation shows a balance of $1,746...
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Accounting
The Work in Process inventory account of a manufacturing Corporation shows a balance of $1,746 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $280 and $40 for materials, and charges of $340 and $580 for direct labor. From this information, it appears that the Corporation is using a predetermined overhead rate, as a percentage of direct labor costs, of:
Noreen 4e Recheck 2017-16-03
A) 230%
B) 55%
C) 182%
D) 170%
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