A manufacturing company applies overhead using direct labor cost. The company's Work in Process Inventory account has a $15,000 debit balance after all posting is completed, and the cost sheet of the one job still in process shows direct material costs of $6,600 and direct labor costs of $3,000. What is the company's predetermined overhead rate?
What will be an ideal response?
($15,000 - $6,600 - $3,000)/$3,000 = 180%
You might also like to view...
At the end of October, you and your coworkers decided to bring some fun into the office and wore Halloween costumes. However, your supervisor wasn’t amused, and he has filed a complaint with Human Resources. During a meeting with HR, the Director says “according to the Employee Handbook, you have violated code five, which states that all employees must comply with a professional dress code. Failure to follow the dress code constitutes a violation of university regulations.” Which form of control is being used?
A. bureaucratic B. concertive C. simple D. technological
Saying Usain Bolt “runs like the wind” is an example of using ______ language.
a. figurative b. literal c. metaphorical d. hypothetical
Answer the following statements true (T) or false (F)
1) When evaluating a potential investment, managers should use only one measure for making a sound investment decision. 2) Many service, merchandising, and manufacturing firms use discounted cash flow methods to make capital investment decisions. 3) An operational asset used for a long period of time is known as a capital asset. 4) The acquisition or construction of a capital asset is known as a capital investment.
Choose the correct spelling
A) appropriate B) apropriate C) appropiate D) approppriate