For Wilton Company the Predetermined Overhead Rate Is 70% of Direct

question 36

Multiple Choice

For Wilton Company the predetermined overhead rate is 70% of direct labor cost.During the month $720000 of Factory Labor was incurred of which $200000 is indirect labor.Actual overhead incurred was $360000.The amount of overhead added to Work in Process Inventory should be:

• A)$364000
• B)$360000
• C)$504000
• D)$520000

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Definitions:

Radial Symmetry

A body plan in which any section through the mouth and down the length of the body divides the body into similar halves. Jellyfish and other cnidarians have radial symmetry. Compare with bilateral symmetry.

Protostomes

A group within the animal kingdom that includes organisms in which the mouth develops from the primary embryonic opening.

Radial Cleavage

A type of embryonic development in deuterostomes where the planes of cell division are either parallel or perpendicular to the vertical axis of the embryo, resulting in the cells being positioned directly above or beside each other.

Cleavage

Series of mitotic cell divisions, without growth, that converts the zygote to a multicellular blastula.