The Work in Process Inventory account for Clinton Company for the month ended September 30 appears below.
Overhead is applied based on direct labor dollars.Direct material costs for the one job remaining in work in process on September 30 was $12,300.
a.What was the overhead rate used to apply overhead to jobs?
b.Determine the amount of direct labor charged to the one remaining job.Round you answers to nearest dollars.
Definitions:
Sculpted Figure
A three-dimensional artistic representation of a person or deity, created by sculpting materials such as stone, metal, or clay.
Glazier
A glassworker.
Cames
Thin metal strips, traditionally lead, used to join pieces of glass together in the creation of stained glass windows and art.
Optical Isolator Circuit
A component that uses light to transfer an electrical signal between two isolated circuits, preventing high voltages from affecting the system receiving the signal.
Q3: Overhead applied is calculated by multiplying predetermined
Q17: In a process costing system,product costs are
Q47: The standard costing method uses the sum
Q61: Which of the following statements is true?<br>A)A
Q63: The indirect labor cost is<br>A)$7,000.<br>B)$3,000.<br>C)$14,000.<br>D)$30,000.
Q79: The average costing method is a costing
Q103: How is it possible for a company
Q123: The price/earnings (P/E)ratio is an indication of
Q154: In a common-size balance sheet for a
Q181: The amount of cost of goods manufactured