Multiple Choice
The Work in Process Stock account of a manufacturing firm shows a balance of £3,000 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of £500 and £300 for materials, and charges of £400 and £600 for direct Labour. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct Labour costs, of
A) 83%
B) 120%
C) 40%
D) 300%
Correct Answer:
Verified
Correct Answer:
Verified
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