The Work in Process Inventory account of a manufacturing company has a $3500 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1580 and direct labor cost of $860. Therefore, the amount of applied overhead is:
A. $1060.
B. $2440.
C. $1920.
D. $2640.
E. $860.
Answer: A
Business
You might also like to view...
The four-style communication model described in the text is:
A) increasingly used in training programs B) applicable only to salespeople in the U.S. C) limited in its usefulness in the real world D) the basis for developing customer strategies E) based on research developed in the last decade
Business
Membership in an association of a particular national origin is not protected
Indicate whether the statement is true or false
Business
Perhaps the ________ section of the final report is the most valuable contribution of the closure process.
Fill in the blank(s) with the appropriate word(s).
Business
The interest rate is also called the discount rate
Indicate whether the statement is true or false
Business