Gilford,Inc

question 27

Essay

Gilford,Inc.,uses a job-order costing system.Costs going through the company's work-in-process account during June are listed below.Manufacturing overhead is applied to production using a predetermined overhead rate based on direct labour cost.
$\begin{array}{|l|r|r|}\hline \text { Work in process } & & \\\hline \text { Balance } & 0 & \$ 95,000 \text { transferred out } \\\hline \text { Direct materials } & \$ 20,000 \\\hline \text { Direct labour } & 30,000 \\\hline \text { Manufacturing overhead } & 60,000 \\\hline \text { Balance } & \$ 15,000 \\\hline\end{array}$

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Definitions:

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Primary-process Thought

A mode of thinking that is driven by the unconscious mind, where logic is not linear and reality is not strictly adhered to, often found in dreams and fantasies.

Secondary-process Thought

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