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Booth Manufacturing Uses a Job Order Costing System That Charges

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Booth Manufacturing uses a job order costing system that charges overhead to jobs on the basis of direct material cost.At year-end,the Work in Process Inventory account shows the following.
Booth Manufacturing uses a job order costing system that charges overhead to jobs on the basis of direct material cost.At year-end,the Work in Process Inventory account shows the following.    a.Determine the predetermined overhead rate used. b.Only one job remained in process at December 31.Its direct materials cost is $60,000.How much direct labor cost and overhead cost are assigned to it? a.Determine the predetermined overhead rate used.
b.Only one job remained in process at December 31.Its direct materials cost is $60,000.How much direct labor cost and overhead cost are assigned to it?


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