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For Jacobs Company the Predetermined Overhead Rate Is 70% of Direct

Question 3

Multiple Choice

For Jacobs Company the predetermined overhead rate is 70% of direct labor cost. During the month $600000 of factory labor costs are incurred of which $140000 is indirect labor. Actual overhead incurred was $320000. The amount of overhead debited to Work in Process Inventory should be:


A) $322000
B) $320000
C) $420000
D) $460000

Correct Answer:

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