Multiple Choice
The Work in Process inventory 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 direct materials,and charges of $400 and $600 for direct labor.From this information,it appears that the company is using a predetermined overhead rate,as a percentage of direct labor costs,of:
A) 83%
B) 120%
C) 40%
D) 300%
Correct Answer:
Verified
Correct Answer:
Verified
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