Multiple Choice
The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period.The job cost sheets of two uncompleted jobs show charges of $400 and $200 for direct materials and charges of $300 and $500 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) 80%.
B) 125%.
C) 240%.
D) 300%.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: Sweet Company applies overhead to jobs on
Q37: The Bus Company uses a
Q38: Sharp Company's records show that overhead was
Q39: The materials requisition form is a document
Q40: A public accounting firm employs 10
Q43: Secrease Corporation uses machine-hours as the
Q44: Raw materials can be direct materials,but NOT
Q45: Non-manufacturing costs are expensed as incurred,rather than
Q46: Sai Company uses a job order
Q61: A credit balance in the Manufacturing Overhead