Multiple Choice
The Work- in- Process Inventory account of Charles River Corporation has a balance of $4,800 at the end of an accounting period. The job cost sheets of two incomplete jobs show charges of $800 and $400 for materials used and charges of $600 and $1,000 for direct labor used. From this information, it appears that Charles River is using a predetermined rate, as a percentage of direct labor costs of:
A) 80%
B) 125%
C) 41.7 %
D) 240%
Correct Answer:
Verified
Correct Answer:
Verified
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