Multiple Choice
Before the application of overhead costs Chrome & Steel Ltd has the following costs traced to production:
Direct materials Direct labour
Charged to production $50 000 $40 000
Assuming that overhead is applied at the rate of 80% of direct labour cost what is the amount of inventory finished for the period (assume no work in process) ?
A) $50 000
B) $90 000
C) $122 000
D) $130 000
Correct Answer:
Verified
Correct Answer:
Verified
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